It's certainly an interesting time as we bump up against levels we haven't seen in quite some time.
More Quotes from Stephen Stanley:
We are seeing some improvement in foreign economies, but the imports are just so much bigger than exports you would have to have a big slowdown in U.S. demand to really make a difference. I don't expect to see any big improvement in the near term.Stephen Stanley
Today's report should convince most market participants that the March softness in the data was primarily a one-month phenomenon. Sounds like a recipe for continued 25 basis-point rate hikes for the foreseeable future.
Stephen Stanley
The report follows the recent pattern of strong growth and no inflation.
Stephen Stanley
What really got everyone's attention was the decline in the unemployment rate.
Stephen Stanley
I think the next really big number for the market is next Friday's retail sales figures. Up until Friday, investors are going to be focused on oil prices, the earnings, and to an extent, the election.
Stephen Stanley
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