Kevin Flanagan
Kevin Flanagan
coming highs seeing slightly stocks
We're seeing stocks coming slightly off their highs here.
areas fact fund market surprise thin
Considering the fact we have been thin or illiquid in some areas in the market it wouldn't surprise me if there had been some hedge fund selling.
delayed fact military possible vote
It has more to do with the fact that there could be a delayed vote because of possible military action,
burying cemetery family kinds people picked problem supposed unusual whose
These were probably people whose family never picked up the ashes. It's not unusual for a cemetery to get these kinds of remains. The problem is: You're supposed to be burying them.
note selling
It's more of a selling of the two-year note today, while the 10-year note is range-bound.
consumers degree economy items positive providing remains report retail sales somewhat spending support
The retail sales report underscores that consumers still are providing a degree of support for the economy as a whole, ... It's somewhat encouraging to see that spending for big-ticket items remains on a positive swing.
calendar fed hike leanings represents ruled time towards year
If there are any leanings one way or another, one is towards tightening. Another quarter-point hike can't be ruled out. This represents an opportune time for the Fed to tighten for calendar year 1999.
appears bond economic response seeing slight
I think you're seeing an enthusiastic response by the bond market, because there appears to be a slight deceleration in economic activity.
appearance clarity fed setting stop taken whether
This appearance has taken on heightened significance as we try to find clarity on whether the Fed will stop tightening after May 10th (policy setting meeting) or not.
quite san
In San Diego, we don't try quite as hard.
gathering issue sure understand
We understand that ASR is a gathering of the tribe, and we wanted to make sure the issue was covered.
argue continue continues fed figure point
We continue to see difficulties for the nation's factories. This is a figure that continues to argue for the Fed to (cut a half-percentage point Tuesday).
captured commodity continue core energy filtering higher inflation measure months year yield
We're 11 months through the year and any measure of core inflation hasn't captured a filtering down of higher commodity or energy prices. That's why we continue to see the 10-year yield under 4.5 percent.
current rise
We still think the fundamentals will come back and rise from current levels.