Michael Woolfolk
Michael Woolfolk
market tape
But the tape will not be as important to the market as new data.
compelling hike interest next rates reason
There's a compelling reason to hike interest rates at the next meeting.
dollar faster fed giving itself later pace positive raise rates removal room word
The removal of the word 'measured' ... would be positive for the dollar as it suggests that the Fed is giving itself room to raise rates at a faster pace later this year.
benign canadian dollar inflation
Benign inflation has weakened the Canadian dollar a little bit.
choke growth oil prevent prices recovery risen stock view
Oil prices have risen so dramatically that the view now is that this could choke off U.S. growth and prevent any recovery in the stock market.
door fed future hikes left open positive rate
The door will be left open for future rate hikes but the Fed will be increasingly data-dependent. That's positive for the U.S. dollar.
anecdotal due evidence floor flows greater impact level lighter lower market point seeing trading
Anecdotal evidence on the trading floor indicates things have been lighter than at any other point in the week. You are seeing some one-off flows that are making a greater impact in the market due to this lower level of liquidity and volume.
friday quite
There was quite a sell-off on Friday and it may have been overblown.
attempting investors positions square
Investors are attempting to square up their positions before the long weekend.
durable favorable gains given goods growth interest january market positive rate recent unlikely weigh
Given the recent spate of positive January data, CPI and durable goods are unlikely to disappoint. The USD is positioned to make new gains ... as favorable U.S. growth and interest rate differentials weigh on market sentiment.
continue dips fed indicate inflation likely raise wage
If unemployment dips any lower, that may indicate some wage inflation and the Fed will likely continue to raise rates.
albeit economic positive report tip week
This was undeniably a positive report. Today's report could very well tip off a strong, albeit short, week for U.S. economic data.
asian bank central continued demand elevated ensures foreign oil prices remains strong
We see that elevated oil prices and a continued Asian central bank intervention ensures that foreign demand for U.S. treasuries remains strong during January.
aggregate data december itself negative rude total
While the monthly December data was not itself a negative surprise, the aggregate 2005 total was a rude reminder.