If it didn't happen in the first quarter, it's going to have to happen at some point. If consumer spending or investment spending was a lot weaker than expected, it'd be a lot more troublesome.
More Quotes from Stephen Stanley:
It's certainly an interesting time as we bump up against levels we haven't seen in quite some time.Stephen Stanley
The factory sector appears to have begun the year on a solid note, no doubt bolstered by the surge in new orders seen at the end of last year.
Stephen Stanley
The big picture is still that 10-year yields are up 100 basis points (1 percentage point) in basically a month, so to see a 5- or 10-basis-point pullback is not a big deal. It's just a wiggle on the charts. You will get wiggles here and there, and whether it's driven by surprises in economic data, or in geopolitics, oil prices or stocks is anyone's guess.
Stephen Stanley
The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.
Stephen Stanley
The consumer never really missed a beat, and now attitudes are beginning to catch up to reality. Once again, watch what they do, not what they say.
Stephen Stanley
There's a game of chicken going on with traders wanting to go short but too afraid of month-end demand to risk it, ... Anyway, nobody wants to be short in a holiday week when anything might happen geopolitically.
Stephen Stanley
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