There seems to be a wide disconnect between the headline growth numbers and individual perception about the relative health of the economy.
More Quotes from David Joy:
Normally, you buy back a lot of stock when you don't think there's any reason to invest in your own company, ... Parsons hasn't ruled out Icahn's suggestions, but it's clear he wants his flexibility.David Joy
The trade deficit will be couched in terms of outsourcing. If you look at trade itself, it doesn't capture a lot of attention until it spills into the question of losing jobs overseas,
David Joy
It doesn't take a lot of money moving into these stocks to move them higher. But valuations will put a cap on how far things will go.
David Joy
The labor market is important to the Fed under any circumstances. Once you get rising wage pressure that's when inflation gets intractable.
David Joy
Stocks in the financial and consumer discretionary sectors look particularly vulnerable as the perception is that inflationary pressures will keep mounting and the Fed is not done with raising rates.
David Joy
The persistence of high oil prices can't be lost on the Fed. Consumers have to pay for higher energy even though it's volatile. It is a real cost.
David Joy
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