On balance, it is a modestly dollar negative set of data. Retail sales growth was a little weaker than markets had expected, with a downward revision to the ex-auto sector.
More Quotes from Lara Rhame:
A lot of people don't understand that the ISM number is not actually an output number. It's the equivalent of consumer confidence, but for businesses. So certainly outlook has improved, but it remains to be seen how clearly that will translate into actual activity.Lara Rhame
Certainly this Christmas shopping season is going to make for a lot of very negative headlines. The concern is that this weakness will be a self-reinforcing phenomenon, but the confidence numbers indicate that may not happen.
Lara Rhame
U.S. treasury yields are rising and we've seen that support the dollar across the board. The dollar remains strong on the back of solid U.S. economic data and expectations that the 10-year yield is going to continue to go higher.
Lara Rhame
We are still seeing some slack in the labor market, in several different places.
Lara Rhame
With MA activity picking up, productivity growth will stay robust, and that means continued new efficiencies, and a lot of that will overshadow new job creation.
Lara Rhame
We've seen markets get ahead of themselves in bonds and in currencies as well. There are signs that markets have now gotten too optimistic about not only the size of the U. S. recovery, but the speed our medium-term forecast is still very much of euro strength and dollar weakness.
Lara Rhame
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Based on Topics: Balance QuotesBased on Keywords: ex-auto
The career of a sage is of two kinds: He is either honored by all in the world, Like a flower waving its head, Or else he disappears into the silent forest.
Lao Tzu
Public opinion is the thermometer a monarch should constantly consult.
Napoleon Bonaparte
Power will intoxicate the best hearts, as wine the strongest heads. No man is wise enough, nor good enough to be trusted with unlimited power.
Charles Caleb Colton