The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.
More Quotes from Drew Matus:
This is obviously an extraordinarily strong report, led by the consumer, but also with good signs about the state of the business sector and business confidence.Drew Matus
The prices received number tells us that basically some firms are gaining pricing power. What that really means is there could be inflation in the outlook.
Drew Matus
The labor market is hot and getting hotter, and that is one of the reasons the Fed continues to raise rates.
Drew Matus
Treasury has claimed it didn't want to issue anything beyond 10-years because that tied their hands. Now the market's thinking that if a 20-year is suddenly OK, then why not bring back the 30-year
Drew Matus
People are breathing a sigh of relief and bought a few bonds and stocks. Everyone plays, everyone wins.
Drew Matus
It was exactly as the market expected, with them commenting on both the overall good news and the modest areas of weakness left in the economy. The Fed is on hold until August.
Drew Matus
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Jeremy Taylor
If you can't pay for a thing, don't buy it. If you can't get paid for it, don't sell it. Do this, and you will have calm and drowsy nights, with all of the good business you have now and none of the bad. If you have time, don't wait for time.
Ernst Fischer