Michael Darda
Michael Darda
bond low market relative ridiculous stock whereas
The bond market is at a ridiculous valuation, whereas the stock valuation is low relative to bonds.
anywhere cause close depended market miss negative recent
If we get anywhere close to the forecast, its going to be negative for bonds, cause that market has depended on a miss on payrolls in recent months.
basically fed market raising realized seeing stock
I think he's basically greasing the skids for the Fed to keep raising rates, and that may not be something the stock market has realized yet, ... and that's why you're not seeing much reaction.
fed funds huge looking market moves plateau rate talking
The market is higher, but we're not talking huge moves here. The market is looking at a plateau in the fed funds rate at or around 5%.
bond economy market ok reaction reassure seemed stock
They seemed to reassure the market that the economy was OK after the hurricanes, but overall, I don't think there's anything new, and that's why the stock and bond reaction has been muted.
economic growth inflation obviously strong
This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.
economy good higher oil remains report retail sales strong suggestion
Overall, the retail sales report was a strong suggestion that the economy remains robust, particularly when you take out the autos component. It suggests that we're going to see a good read on GDP growth, even with the higher oil prices.
affected against almost benefit dollar gold major prices rising run
Gold prices are rising against almost every major currency, ... So the run up in gold prices here has not affected the dollar to the benefit of other currencies.
august headline jobs july june number report robust
I thought the jobs report was more robust than the headline number would suggest, with the June and July upward revisions to payrolls countering the August miss.
pause percent saying
Essentially, he's saying that they may pause around 5 percent after the May meeting.
core pressure seeing
If you look at the data, we are seeing a subtle, upward pressure on core inflation.
surprising
There was nothing too surprising in what he said.
fourth happened quarter
It doesn't look like what happened with GDP in the fourth quarter is a harbinger of the future.
bottom ceos financial line officers pitfalls sound worrying
This is a sound contradiction because CEOs should be the visionaries and CFOs should be the bottom line worrywarts, ... Financial officers should be worrying about all of the costs, the pitfalls and the risks.