The big move in oil happened over the last three days. I think we all understand the rules with oil now. You're going to have issues about inventories being low and that will push prices up. Then Saudi Arabia will say 30 a barrel is not sustainable so we're back at this game.
More Quotes from Mike Ryan:
We're so dependent on foreign capital that, if you could see any weakness in the dollar it could come on Friday with the trade numbers. If we see a sharply above consensus reading for trade, there could be some concern about the sustainability of that trade gap and that could certainly weigh on the dollar.Mike Ryan
For the bond market, it's clearly not bullish, ... At a time where growth is strong, the labor market is still tight, and price pressures are building, the last thing you need is a surge in energy prices that will push inflation up across the board.
Mike Ryan
We've been in this trading range between 5.375 and 5.75 (30-year bond yields) for a very long period of time, ... Then we finally broke out of that and the next target people are setting their sights for is 6 percent. We have a refunding this week, we have an awful lot of corporate supply and we also have next week's FOMC meeting approaching.
Mike Ryan
We chose it because it was one of the best ones in storage, it hasn't moved for about 10 years but it was really good . . . and could be upgraded to a modern-use tram.
Mike Ryan
In birds this is a disease of biblical proportions and it is difficult to control in a setting where people depend on poultry as a major source of protein for growing children.
Mike Ryan
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