That certainly is going to fan a little inflation fear here, and going forward it will at least keep people on the watch a little longer on the idea that the Fed is going to keep tightening.
More Quotes from Jim Paulsen:
One of the central characteristics of this entire global recovery is the outsized impact of these new economies. That's one of the reasons why growth has remained strong in the U.S. and profit trends have been remained positive, so if there is any inkling that we are at the front end of slowing that down, that's going to make a dramatic difference.Jim Paulsen
There's a fairly consistent theme running through all of the markets, which is tied to the idea that the Fed is nearing the end of the tightening cycle. It was the combo that the Fed's done and the import price number was down.
Jim Paulsen
Thus far, the Fed seemingly has no bite. Normally, when the Fed has raised short-term rates, long-term yields have also risen. Not this time.
Jim Paulsen
When you look through the vast majority of reports - even the ones that are bad - what you see is the undertow is still pretty strong.
Jim Paulsen
The fact that oil broke close to US60 today caused a drop in SP 500 energy stocks.
Jim Paulsen
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