Productivity still remains really solid, and one of the hallmarks of this whole expansion. If we can hang on to that I think the perception of where we're going in the market could change dramatically.
More Quotes from Kim Rupert:
It's a done deal. We're looking for a fairly long, drawn out Senate trial.Kim Rupert
We're going to be getting back to normal, with a lot of the panicky stuff dissipating. We're going to begin looking at the data again and what it means in terms of the Fed.
Kim Rupert
People don't see a lot of value in a 10-year note that currently is yielding above the Fed funds rate but will not be in a week.
Kim Rupert
I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5.
Kim Rupert
Given some of the strong data we've seen lately, it's not surprising he's bullish on the economy. There's not a lot of new news in this.
Kim Rupert
Productivity, so far, has really enabled the economy to grow at a more rapid pace than normal without generating any kind of substantial increase in wage pressures.
Kim Rupert
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