We don't expect the Fed to tighten anytime soon. The first tightening move is unlikely to occur before late summer at the very soonest.
More Quotes from Bruce Steinberg:
The economy remains weak, but hints of stabilization are emerging.Bruce Steinberg
Actually there are two pieces of news. One is that although the market consensus was only 250,000, the bond market was fearing a much, much stronger report --hence the relief rally that followed the release of the numbers.
Bruce Steinberg
And the signs since the fourth quarter suggest growth picking up in the first quarter more strongly than most people had anticipated. So I would say the recovery is here.
Bruce Steinberg
We assume that will begin to happen during the first half of next year.
Bruce Steinberg
The U.S. economy has yet to show convincing signs of a bottom but that doesn't mean monetary policy isn't working. We continue to look for a strong economic rebound by the fourth quarter.
Bruce Steinberg
I thought the job report confirmed it. I thought it depended on today's data.
Bruce Steinberg
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Most animals are built to withstand one bad year.
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Life is filigree work. What is written clearly is not worth much, it's the transparency that counts.
Louis-Ferdinand Celine