Josh Stiles
Josh Stiles
bond hurt number
We don't look at this number and say it's the end of manufacturing strength. Still, it hasn't hurt the bond market.
deal difficult market number
This is always a difficult number for the market to deal with.
classic definitely dilemma hurricane number paid prices related
The new weakness, which is probably related to the hurricane and oil, definitely set in. But this number was a classic dilemma for the market, because the prices paid really rocketed higher.
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.
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.
feels slide
It feels like the slide is tapering off,
business conditions headline impact moderation offset prices saw
We saw moderation in the indices on prices paid, employment, and six-month business conditions outlook. That offset the impact of the headline number.
consumer good january quarter retail
We should still have a pretty good quarter for consumer spending. January retail sales, excluding autos, were very strong.
attack caution middle might range surprise weeks whether yield
We don't know enough about him to know whether there might be a surprise attack so there is some caution. But overall, the 10-year yield has been in a range of 4 5/8 to 4 /12 for weeks and today, we're right in the middle of that range.
asking buy later people supply week whether
We're getting all this new supply later in the week and people are asking whether they really want to buy it at these levels.
building inflation pressures problem
We still need to keep the inflation pressures from building or there will be a problem in the future.
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.
bonds cuts dollar higher permanent tax
He didn't say enough on the permanent tax cuts and that's why the dollar is higher and (U.S.) bonds are higher.
commodity concerned damage economy energy fed higher interested members prices risks terms
I would be interested in what those Fed members who are concerned about longer-term risks to the economy say in terms of any damage from higher energy prices and commodity prices.