Joe LaVorgna
Joe LaVorgna
appears consumer current easily foundation growth healthy income quarter recover spending
The foundation for healthy current quarter consumption appears to be in place, as spending could easily recover strongly. Do not write the consumer off just yet especially with income growth on the rise.
headline likes market treasury weaker
The Treasury market likes the headline because it was weaker than what it thought.
insipid next time
It's been an uninspired, insipid day of trading. We are biding time for the next big report.
bid equity flight initial markets overseas present quality softer
That initial flight to quality bid on the back of softer overseas equity markets has been present all day.
economy fed market oil stays
If oil stays where it is, then the economy will slow, and the market will take up some of the Fed tightening that is priced into it.
economy economy-and-economics good start
The economy got off to a good start (early) in the first quarter.
economy economy-and-economics looks october weaker
We think the economy is in recession, and it looks like October is going to be weaker than September.