The bottom line is that as long as equities remain aloft, there is precious little outside of Fed tightening to cool growth, ... And that tightening may need to be much more aggressive than the market currently expects to bring (economic) growth closer to the Fed's comfort zone of around 3.5 percent.
More Quotes from Doug Porter:
The combination of strong full-time job growth, the low-low jobless rate, rising wage gains and a decent regional balance to the employment picture make this a very healthy report overall.Doug Porter
This is a real story of a split market ... some of the tech stocks have been weak for most of the day, but generally most of the market has fared quite well.
Doug Porter
The message that seeped out was that he does think that they've pretty much done enough to bring the economy in for a soft landing, and that really is an ideal world for equities. While it was disguised, it certainly was a very bullish message for both bonds and stocks.
Doug Porter
Canada's trade picture remains very healthy, at least on the surface, thanks to booming commodity prices. The more recent slide in natural gas prices suggests that this may mark the peak for the surplus in this cycle.
Doug Porter
If there's anything to point out from the press release from the Fed, I would have to say on balance it was a little bit milder than expected.
Doug Porter
It was a similar story to what we saw in 1999 when it was dominated by a vary narrow group of stocks, Bell and Nortel, but outside of that there was quite a bit of weakness,
Doug Porter
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