Mitul Kotecha
Mitul Kotecha
background capital concerns faded markets portfolio strength structural
Structural concerns ... faded into the background (during 2005) as markets have been placated by the strength of capital inflows into U.S. portfolio assets.
asset fed growth likely markets means prospects tight trading upbeat
It will be interesting to see how upbeat the Fed will be on growth prospects and how U.S. asset markets will react. Pre-Fed trading means we are likely to see tight ranges today.
attraction currency despite economic funding further leave market ongoing strength vulnerable weakness yield
The market fixation is back on yield again, and the yen's attraction as a funding currency will leave it vulnerable to further weakness despite ongoing strength in economic data.
came looking market number rally relief stronger weak
The market was looking for a weak number. There was a relief rally when the number came in stronger than expected.
dollar relief
The dollar may find some relief from the data, but this could be short-lived.
market seeing stretched
The market has been very stretched on high-yielding (currency) positions...what we're seeing is a pullback from those positions.
clearly current dollar emphasis following given negative prospects speech
The prospects for the dollar are clearly negative following the speech, especially given the emphasis on the current account.