A lot of people are surprised. I am too. I hesitate to read too much into one month's number, but certainly it does indicate that the worst may have passed for factory activity.
More Quotes from Carol Stone:
This week's collection of data will give the markets plenty to trade on,Carol Stone
I think investors will pay attention to this appearance by the Fed chairman. He will outline the Federal Reserve's own workings. This will be interesting because many speakers from the Federal Reserves have recently discussed the fact that we are going to have a recovery, but it's going to be slow,
Carol Stone
I don't think it will make any difference. Regardless of what people spent in April, the fact that fewer had jobs means going forward their spending is likely to be restrained.
Carol Stone
The Fed should be very comfortable with this. They likely will shift the bias in their upcoming meeting to neutral.
Carol Stone
Businesses are simply not able to pass any additional costs through to final consumers. They were bargain hunters in good times, and now they're really bargain hunters . This says there is room for the Fed to do whatever it needs to do to maintain growth.
Carol Stone
We're dedicated to supporting mainstream jazz, and we don't veer too far off from that. But we do spend a lot of time thinking about how to make the festival grow and how to have a lot of variety. We have the avant-garde, the old jazz legends, the older musicians and younger musicians and we're known for our high-energy jam session.
Carol Stone
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My thing is trying to convince them they can win.
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Harrison Ford - one of my favorite actors - has a wonderful sense of character and depth and uniqueness to him, yet he's able to just deliver the lines without putting any English on it.
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