Oil is playing a positive role for stocks and the bond market today. Also, the markets are coming off a rough stretch, which makes this bounce pretty understandable.
More Quotes from Stephen Stanley:
The labor market is the linchpin of our economic forecasts, because income growth is going to sustain the consumer.Stephen Stanley
The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.
Stephen Stanley
The question is, How much of this feeds through all the way down the production process Do companies end up having to swallow the cost increases or can they pass it through
Stephen Stanley
The Fed can not be comfortable with the pace at which the labor market is moving tothrough full employment. Let the wage acceleration begin.
Stephen Stanley
The report follows the recent pattern of strong growth and no inflation.
Stephen Stanley
If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.
Stephen Stanley
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