Despite the payroll employment number being higher than expected, the fact that average hourly wages were so small means that there are not a lot of wage pressures, not a lot of demands to add new workers and, therefore, not a lot to worry the (Federal Reserve) in this report.
More Quotes from Ronald Hill:
The fact that hourly wages were so small and, in fact, the work week was down -- it is very positive. It means there are not a lot of wage pressures, not a lot of demands to add new workers.Ronald Hill
I think health care companies are likely to grow profits three times or faster than the SP 500 next year again, ... I think those are looking remarkably good.
Ronald Hill
You've got a lot of layoffs, but yet 132 million people are earning legitimate wages,
Ronald Hill
We like the way they are continuing to build out what they offer for the Internet,
Ronald Hill
There's still plenty of liquidity. Earnings have been spectacular, over two-thirds of the companies reporting so far in the SP 500 have had upside surprises. Remember, strong growth gives you strong earnings. And the key thing is that inflation is still somewhere over the horizon.
Ronald Hill
We were surprised because it was a little light on the top line.
Ronald Hill
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