Tony Crescenzi
Tony Crescenzi
consumer correct cost
The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.
advance both compared countries creates economic economy-and-economics environment good growth lower powerful rates return serve
The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
bond both causes weakness
There are many causes of both today's weakness and of the bond market's weakening in general,
activity asset bring economic help lower oil outlook prices profit stimulate stocks
If oil prices fall, it will help to stimulate economic activity -- the profit outlook will be better and also lower oil would bring down costs, making stocks the better asset class.
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The distinction (of the phone survey) is important, ... Because it suggests that the ABC/ Money poll is more current and may have captured more of the impact of the recent stock market decline than did the Conference Board's.
continue continuing markets point raise reinforce stock
They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,
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,
grips market notion stocks treasury
The Treasury market has come to grips with the notion that stocks have recovered,
actions begin billion breaking critical endgame finally hike hikes light limits loss point rate rational reached recent scope stock thinking wealth
In light of today's $500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.
excessive fed hanging onto optimism
The Fed is hanging onto its long-term view. Some will say this is just excessive optimism.
auction elements expected good ratio seem yield yields
There seem to be all the elements of a good auction -- the bid-to-cover ratio was solid, the yield was as expected and yields are not rising.
fed market
The Fed has been very, very clear, and that's going to keep the market under pressure.
argue bond context indicate market recent results
In the context of the recent markdown in prices, one could argue that the results in no way indicate that the recent bond market sell-off is over.
begins economy global net safety slow strong tremendous
Because of the strong global economy, there is a safety net surrounding the U.S. economy -- so if it begins to slow, it won't slow much because there is tremendous support.