Josh Stiles
Josh Stiles
built currently cushion market prices recovery stronger turns
If the recovery turns out to be even stronger than the market currently thinks, then we'll see some more selling, but we have some cushion (for recovery) built into prices now.
bond chicago handling heavy market near seen selling sent though
The Chicago PMI sent us back to near the lows, though we had seen the bond market handling some heavy selling before then,
bond commodity demand domestic labor market plenty strength tight worried
I think the fundamentals are more threatening to the bond market; such as commodity strength, the strength of domestic demand, the strength of demand around the world, and tight labor markets. So, there are plenty of things for the bond market to get worried about.
affect economic housing market numbers reaching softer starts stock support
The economic numbers didn't really have an affect on the (bond) market, ... Housing starts were strong, but . . . the market was already reaching support in the softer stock market and softer manufacturing numbers.
bond concern eye market stock traders
There's concern for how the stock market has done recently. I do think bond traders have their eye on the stock market.
basis market point rate view
The view is that the market could withstand a 25 basis point rate hike.
deal difficult market number
This is always a difficult number for the market to deal with.
bond hurt market
is going to hurt the bond market more.
consumer gain market sentiment taking
Consumer sentiment made an extraordinary month-to-month gain and really sparked the selling. The market has come a long way and short-term speculators are taking some profits.
cooling economy market pressures wage
I think (the GDP and ECI figures) will tell the market that the economy is not cooling much and that wage pressures are building.
basis currency data fed gaining inflation market maybe meaning morning move november pause points pressures price raises rates september
The idea that's been gaining currency in the market is the Fed pause theory, meaning that the Fed raises rates 25 basis points in September and then, because inflation pressures are contained, they pause for a while, skipping a move in November and maybe even December. The (producer price index) data this morning kind of fed into that theory.
aircraft bond bulls context distorted headline market number report took
The market took the report in context -- which is that it is often distorted by aircraft orders. It didn't really ignite the bond bulls that the headline number was down so much.
found market needs top
In a short-term perspective, the market has found a top and needs to consolidate.
cyclical excessive focused forces happening inflation structural wrong
He's been wrong about what's happening with inflation for two years. He's more focused on structural disinflation forces than he is on the cyclical inflationary forces from excessive accommodation.