Jack Ablin
Jack Ablin
consumer credit deal favorable huge
For the fee-based deal business, it's still a favorable environment. But they also have a huge consumer credit exposure.
accounting concerns continue dominate investing seeing
Accounting concerns continue to dominate the market. We're going to be seeing this 'Prove it to me' investing for a while.
backdrop inflation leading market nice subdued
Between leading indicators and subdued inflation expectations, it's really set a nice backdrop for the market today,
assumes fed future hikes inflation lays next pace people percentage pivotal quarter raise rates reports statement thinking
The world assumes the Fed will raise the rates by a quarter percentage point, that's a non-event. It's what the statement lays out about the pace of future rate hikes that will be important, because that's what people are thinking about. I think the inflation reports will also be pivotal next week.
caps good inflation investors perfect rally report seems strong wall year
Investors have their rally caps on for year end, and we're doing it with speculation. With a good inflation report and strong growth, it seems to be the perfect elixir for Wall Street.
bets jobs pause percent
If there is anything more than 250,000 jobs then everything reverses and all bets about a pause at 3.25 percent are off,
ground losing perspective pressure upgrade
The GDP upgrade could put more pressure on the Fed. At the same time, we're losing ground with the consumer... From the perspective of today's market, it's a one-two punch.
backdrop creating fed four interest last low played
Over the last four years the Fed has played the part of a surrealistic painter, creating a dreamy backdrop with generously low interest rates.
clarify cloud creating dark gold inflation numbers tomorrow upside
Gold is creating a psychological dark cloud over the market. With gold on the upside and inflation fears, the numbers we get tomorrow will clarify some of these concerns.
economic gives number tantamount
Any number Wal-Mart gives is tantamount to an economic indicator,
bet confidence economy employment federal jobs order raising rates reserve sliding stop trend
Confidence is slipping, manufacturing is slowing, and even with today's jobs report, the employment trend is still negative. The bet here is that the Federal Reserve will have to stop raising rates in order to keep the economy from sliding further.
chief corporate growth low strong
When you have strong growth and low wages, the chief beneficiary is corporate America.
argue backward bit coming economy enthusiasm eventually evidence face maybe news slap today ugly woods
We have some very ugly numbers. You can argue that the ISM is still backward looking, and maybe even the jobless claims, but eventually we're going to need some evidence that the economy is improving. We had a lot of enthusiasm coming from earnings, but the news today is a little bit of a slap in the face that we're not out of the woods yet.
growth job mark number previous projected strong
The projected job growth number would mark a pretty strong snapback from the previous month.