And the second quarter is supposed to be the weakest quarter, with a pickup in the third quarter. |
As the appetite for risk declines, investors are becoming more defensive and more domestically focused. |
Headline inflation is moving up. A rate hike is likely in the fourth quarter. |
Interest rate expectations are driving the dollar. |
The intervention addresses the issue of a lack of global leadership. It shows that somebody is in charge. |
The markets were hoping for more clear-cut evidence of what is happening with the economy. They will have to wait, because the Fed wants more data. |
The yen is the currency we really like right now. |
There's a chance the euro has seen its high for the cycle and Asian currencies have further to adjust. |