John Ryding
John Ryding
accumulate bond doubt hand heading inflation low mind patient positions willing
There is no doubt in my mind that inflation is low and heading lower. I think the patient hand should be willing to accumulate bond positions here.
absent cut data economic fed hold jobs rates sit three unless weak
I think they'll hold unless we see some surprisingly weak economic data on the jobs front, which comes out on Friday. But absent that, I think the Fed is going to be tempted, having cut rates three times, to let things sit a while.
december gives greenspan likely meeting november
I think it's much more likely that Greenspan gives us a quarter-point cut, and then comes back at the November or December meeting with another quarter-point cut.
easily energy increase largely report size
This report is largely an energy story, but the size of the increase can't be easily dismissed.
details due durable entirely goods january orders report stronger underlying volatility
The plunge in durable goods orders in January is entirely due to volatility in transportation. The underlying details of this report are much stronger than the headline.