Tony Crescenzi
Tony Crescenzi
apt consistent fed inflation mode notion rearing testimony
His testimony is apt to be consistent with the notion that the Fed is still in a tightening mode and inflation is rearing its head,
cut eventually fed notion point puts rapid rates response speech
Greenspan's speech puts an exclamation point on the market's notion that the Fed will eventually have to cut rates in response to the rapid deceleration in the economy,
grips market notion stocks treasury
The Treasury market has come to grips with the notion that stocks have recovered,
animal both consumer dominant energy expected high impact major negative prices rita spending spirits
Rita is a major factor, as it is expected to keep the dominant negative in place: high energy prices and their impact on both consumer spending and the animal spirits of U.S. businesses.
current earnings excess market might news next prices reflect released several stock unwind weakness weeks
It is conceivable, for example, that the current weakness in stock prices may already reflect the weak earnings news that will be released over the next several weeks and the stock market might unwind some of its excess pessimism,
decline early fed forecast interest lower might payroll post rates report venture
I would venture to forecast that if the upcoming payroll report were to post a decline in the vicinity of 200,000 or so, the Fed might lower interest rates as early as this Friday.
america rest treasury
Where was the Treasury when the rest of America was refinancing its debt?
early great holland mania markets repeatedly
Like the Great Tulip Mania in Holland in the 1600's and the dot.com mania of early 2000, markets have repeatedly disconnected from reality,
almost further hikes rate rest
We've come a long way, ... There's almost no expectations of further rate hikes for the rest of the year.
headed june market meeting open percent possibly treasury yields
Treasury yields look headed to 5 percent by the May 10 (Federal Open Market Committee) meeting and possibly 5.25 percent by the June 29th.
businesses consumer continue durable energy given goods high market negatively question report risks spend spending whether
The question is -- and this is why the market hasn't reacted too negatively to the durable goods report -- is whether businesses ... will continue to spend given the risks to consumer spending posed by high energy prices.
alan appears chairman hikes interest pace rate slow
With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,
aside deals investors means secondary step wait weak
When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.