The much stronger-than-expected durable goods number is significant because it comes on the heels of a sizable gain the previous month.
More Quotes from Anthony Chan:
The core (inflation measure), while it's up, still looks very contained. This just keeps the Federal Reserve interest rate hike engine humming along after June 30.Anthony Chan
Corporate earnings growth is slowing. Earnings might be growing at 9 to 10 percent, and that's still impressive. But they're going in the wrong direction.
Anthony Chan
These jobless numbers confirm everything that came out in the Fed statement. Things are going to get worse before they get better on the unemployment rate front.
Anthony Chan
Several times in the last year we've seen mortgage rates creeping up and housing hasn't responded. Now the Federal Reserve has put some credibility behind the increase in rates. I think it set a general tone for the housing market that it'll be a lot more muted.
Anthony Chan
Even though people thought this was a great opportunity to take the word 'measured' off the table, he didn't do that, ... It suggested that he was not at this point prepared to endorse the Fisher hypothesis. I think he's trying to make sure the Fed doesn't box itself in.
Anthony Chan
The GDP doesn't take into consideration loss of wealth, ... It's affected by jobs and productivity.
Anthony Chan
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