CPI data was benign but the data was prior to Hurricane Katrina, ... Still, no one is quite sure about what the Fed is going to do going ahead. So the market is not showing much conviction.
More Quotes from Joseph Battipaglia:
The market anticipated a very weak third quarter. There was concern this would roll over into an on-going problem. Once we have evidence that it is not and the third quarter comes in a little better than expected, that will be the basis for the next leg up,Joseph Battipaglia
I don't see them getting much worse than 6-14 percent on the long end, ... The overall bond market is not completely convinced that we're going to see meaningful higher interest rates. Something is going to give here, and my sense is that the Fed is not going beyond this second cut.
Joseph Battipaglia
The real story is how well the U.S. economy is performing, ... Brazil is important, but I think we're seeing the end of the emerging markets crisis, not the beginning.
Joseph Battipaglia
I'd have to see some significant production cuts and some pain from the producers before I would even take a nibble at it.
Joseph Battipaglia
But if you step back, it seems to me that we're still in the trading range we've been in for some time. There's still the push and pull between rising earnings and rising interest rates.
Joseph Battipaglia
I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
Joseph Battipaglia
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Based on Keywords: cpiAt no point was my career under threat, so I always knew that I would get back into action.
Jamie Redknapp
A dog barks when his master is attacked. I would be a coward if I saw that God's truth is attacked and yet would remain silent.
Pearl S. Buck
The greatest glory in living lies not in never falling, but in rising every time we fall.
Ralph Waldo Emerson