Anthony Chan
Anthony Chan
chain discount factor happening issue retail store
I think a seasonal factor is part of the issue here, but you can't discount it all. Look at what is happening with chain store sales. They've been pretty weak. Some of it (weak retail employment) is real.
costs energy issue passed troubling
The only issue that is troubling is they feel some of the costs from energy are being passed on.
although change corporate inflation issue likely major overall positive pricing view
The lackluster change validates the Fed's view that inflation is not likely to be a major overall issue in 2004. Although this bodes well for policy, it is not a positive for corporate pricing power.
april checks clear closer people start tend
I think we'll see a clear acceleration of refund payments as we get closer to the April deadline, when the checks really start to flow. People tend to procrastinate.
beginning certainly forecast million patch soft stands year
I think we will get that bump. I think this is temporary. My forecast at the beginning of the year still stands for 2.5 million new jobs. But I certainly do see a soft patch here.
auto despite disappear fact fell happen incentives likely limited question raises sales
I think it was interesting that sales fell despite the fact that we had limited auto incentives in November. It raises the question of what is likely to happen once these incentives disappear entirely.
bounce clearly december fed hike hurricane puts rate report shows
I think this report clearly shows that we got a hurricane bounce back. It also puts the possibility of a Fed rate hike in December back in play.
apply employment gravity laws monetary report shows
I think this employment report shows that the laws of gravity do apply to monetary policy,
chairman coffin cut greenspan move nail notion numbers percentage regular wish
I think these numbers pretty much put a nail in the coffin of the notion that a 75 basis-point (three-quarters of a percentage point) cut will occur. I think (Fed Chairman Alan) Greenspan will get his wish for a move at the regular meeting, but they will do a 50 basis-point (half-point) cut.
drive economy fed numbers potential slowing
I think these numbers have the potential to drive the Fed to do an inter-meeting cut. The economy is slowing down, and I think we'll see more of this before it's over.
seeds soft
I think the seeds are in place for a soft landing.
consumer dissecting expected fairly inventory markets nervous next prospects quarter risk slower spending stronger
I think the risk is the downside, not the upside, ... I think the markets are fairly nervous about the prospects for growth. They're going to be dissecting the number. If we have slower than expected consumer spending and stronger than expected inventory growth, that's not going to bode well for the next quarter or so.
filled last lawn spent tank
Last weekend, I filled up my tank and I spent $80, ... And that was just my lawn mower.
bit equity people realized risk
People are, in fact, a little bit nervous.... People have realized there is a little bit of risk in the equity market.