Alan Ruskin
Alan Ruskin
attention clearly data dollar expect fed giving market quickly shift
While the data is clearly dollar positive, I would expect that the market will quickly shift back to the attention it is giving to Fed policy.
data edge fed fodder provides
The data will keep the Fed on edge and provides fodder for the Fed hawks.
certainly data encourage fed views
The data will certainly encourage views of a truncated Fed tightening cycle.
correct data encourage fed inflation looks tend views
The data should tend to encourage views that the Fed is correct and that inflation looks to be contained.
data direction fed funds peak trying weaker work
We're trying to feel out where's the peak in the Fed funds rate. The data has tended to work in the direction of a weaker dollar.
clearly consistent data decline employment meaningful michigan poor trends
Poor employment trends clearly are weighing on sentiment, ... The (IBD) data is consistent with a meaningful decline in the Michigan survey.
below data decent dominated employment october rising services since soft tend third time trends weakness
Employment slipped for the third time since November, and is now back below October levels, ... Since weakness in services employment has dominated the soft employment trends in this cycle, this data will tend to deflate rising expectations of a decent payrolls number.
again appears bond bullish consistent data generating market reaction soft strong
Once again soft data appears to be generating more reaction in the bond market than strong data -- consistent with the bullish undertone.
bought found good inflation lucky numbers officials position rate time
I think (Fed officials have) found that they're in a lucky position where the inflation numbers are good enough that it's bought them some time (to postpone rate hikes),
below headline jobs looking maybe numbers obviously plenty scratch sector slightly stronger weakness
Some of the headline (jobs) numbers maybe look slightly stronger than expected, but when you scratch below the surface, you find there is still plenty of weakness out there, ... Obviously the manufacturing sector is looking as weak as ever.
feels fresh require
It feels to me it will require something fresh to really get it going again.
asset change surprise
Would it surprise me that they would change their whole asset allocation dramatically? That would be more surprising.
change dollar fact guard mere per presidents seen snow
I don't think per se jettisoning Snow would be seen as dollar negative. The mere fact that we've got a change of guard isn't necessarily dollar negative. These things happen. Presidents do change personnel.
cut forthright future interest rates seeing seems
He seems to be more forthright in seeing a willingness to cut interest rates in the future than expected, ... It is uncharacteristically blunt.