The overall number does suggest modest amounts of strength, but nothing necessarily that gets me too excited.
More Quotes from Drew Matus:
Higher oil increasingly will creep into the indicators. Today, it biased the trade gap higher and pushed up import prices and also impeded the consumer sentiment number.Drew Matus
These numbers are weak across the board. But of course, that's good for bonds. It just adds to the case for the Fed leaving rates low for a very long time to come.
Drew Matus
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.
Drew Matus
The current focus going into the employment report this week has much more to do with habit than anything based in reality.
Drew Matus
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
Drew Matus
With this kind of income growth, the consumer has room to run. This tells us we don't need to worry about the first quarter.
Drew Matus
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