Dorsey Farr
Dorsey Farr
earnings expected growth seeing slow slowing year
That's not what we expected to see in a year when earnings growth would slow slightly, and we were seeing some of that slowing already.
curve good rule thumb yield
As a forecasting rule of thumb, the yield curve has been pretty good but it may not be a good rule of thumb today.
bonds close couple employment hike might months next perhaps reports
Right now bonds are reacting, and perhaps overreacting, to employment and CPI. What we will probably see in the next couple of months is that we aren't as close to an interest-rate hike as those two reports might suggest.
capital finds glut popular relatively search treasury
One popular explanation is that there is a glut of capital in the world in search of a home, and a lot of it finds its way into relatively risk-free assets, such as Treasury bonds.
accurately corporate earnings expensive fortunes multiple prices remain represent statistics stocks valued
Stocks remain richly valued as a multiple of earnings. If earnings do not accurately represent the fortunes of Corporate America, then stock prices may be even more expensive than the statistics suggest.
continue data economy fed growth humming job labor lean market raising signs strong toward watching
There is healthy, not rapid, job growth that is enough to keep the economy humming along. That strong labor market has potentially inflationary pressures. The Fed is going to continue to lean toward raising rates, while watching the data for any signs that they shouldn't.