Watch for Fed members' comments this week they'll say, 'It's just one month,' ... They tend to look at the cumulative evidence on certain issues before passing any meaningful judgment with policy significance. They need much more than this.
More Quotes from Anthony Crescenzi:
It will reinforce what's happened recently in the debt markets, (the idea) that there's been a sharp underperformance in high-risk assets,Anthony Crescenzi
For so long, an individual who owned a small business or had influence over pricing somehow, would say, 'Prices aren't rising, so we can't raise prices, either.' Now they can see, with this data and through anecdotal evidence, that others are raising prices, and they may feel they can raise their prices now.
Anthony Crescenzi
It's time to trade out of investments whose success depends on a strong economy... for both stocks and corporate bonds.
Anthony Crescenzi
When risk aversion is declining, money will flow out of the safe-haven Treasury market into riskier assets, ... High-yield bonds have increased in price in the past week holders of junk bonds are doing well right now.
Anthony Crescenzi
The market's applauding the resolve of the Fed and acting accordingly, ... In that way, its behavior is rational.
Anthony Crescenzi
I'm struck, ... Originally I thought that in a recession we could get below 5 percent, but we're not even close to one (a recession.)
Anthony Crescenzi
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