William Sullivan
William Sullivan
activity bottom environment fed labor line market message rate remains suggest
The bottom line message is that the labor market activity remains robust, and that's not the environment that would suggest a need for a Fed rate cut.
easier prices push
makes it a little easier to push prices around.
benign consumers context declining doubt energy food good level news performance retail wash wholesale
The benign performance at the wholesale level may not necessarily wash through at the retail level. But there is no doubt that there is good news for U.S. consumers in the context of declining food and energy prices.
deck either grabbed heard hit noise pulled seconds sudden telling three ticket
I heard like a 'pop-pop noise and all of a sudden about three seconds later, the ticket counters were telling us to either hit the deck or they grabbed us and pulled us into the back room.
economy rapid setting though
Clearly, we're experiencing an inflation-free setting even though the economy is experiencing rapid growth.
coming economy healing process quickly suggested
The index suggested that the healing process in the economy is coming on much more quickly than envisioned.
fund incredible led position testimony volatility
It was an incredible session, a testimony to nothing else other than volatility led by hedge- fund position activity.
domestic number report slow trying until uphill wait
They may wait until after their second-quarter (gross domestic product) report comes out because if the number is strong, trying to slow down the yen will be an uphill battle.
accounting
It's impressive, but it's probably technical. We still have these accounting questions.
greenspan obstacles recovery slow suggesting swift
Greenspan is suggesting that the recovery is going to be slow and that there are obstacles to a swift rebound.
alan approach backed capitol criticism fed few greenspan hill last less political recent saw senate talked
The Fed has more or less backed away from this pre-emptive approach that they talked so much about in recent months. In fact, the Senate could say that Alan Greenspan & Co. caved in to the political criticism on Capitol Hill that we saw emanate over the last few weeks,
continuing credit fed front perhaps providing study support tea
The Fed is continuing to study credit tea leaves, and perhaps they sense there's more stresses out there and they want to be in front of that by providing liquidity and communicating their support to the marketplace,
bonds buy close data dominant environment improvement market sees sell stock view
The stock market sees these data as representing an end to the recessionary environment and signaling some improvement in the not-too-distant future. For now, the dominant view is that this is the close on the 2001 recession, so you sell bonds to buy stocks.
bonds borrowing collective confront easing economy fed financial hostile improve improves markets monetary policy pressures today wisdom
Today the collective wisdom is that the economy will improve in the not-too-distant future, and that's hostile for bonds because it suggests that the Fed is done easing monetary policy and that financial markets may confront some interest-rate pressures as the economy improves and borrowing re-accelerates.