The stock market was euphoric over the data reported -- taking it as a sign the Fed will not raise rates over the balance of the calendar year. Inflation remains tame and the economy continues to grow.
More Quotes from Bill Sullivan:
The lesson of the last half decade is the need to manage risk. In my judgment, the investing public is a lot more amenable to owning fixed-income securities now than at any time in the last 15 or 20 years.Bill Sullivan
Compared to last year where I had to drive all the way to Canada and pay 40 dollars, this is wonderful. I walked in, it took about two and a half minutes for the whole procedure.
Bill Sullivan
Business firms are still unwilling to take advantage of this low rate structure. The failure to borrow could be a hint that business planners do not foresee a significant resurgence in the economy over the quarters to come.
Bill Sullivan
We're trying to put a bright picture on the State of the Union address. We're well above the losses we saw several hours ago.
Bill Sullivan
Today starts a new chapter of Agilent. We have made decisions today for us to be able to focus on our core that we have been a leader in for the last 65 years.
Bill Sullivan
Over the past two weeks, the yield on the benchmark 10-year Treasury has skipped from 5.08 percent to 5.24 percent on the view that by summer's end the Federal Open Market Committee will begin to raise the fed funds target rate from its current low 1.75 percent. If the economy gains visible momentum, ... we are vulnerable to further rate pressures.
Bill Sullivan
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The world is full of magical things patiently waiting for our wits to grow sharper.
Bertrand Russell
Yield not to calamity, but face her boldly.
Virgil
No one could, therefore, rely on the law, and justice no longer existed.
William Waller