The big picture for the consumer still looks good.
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
It is definitely clear that (housing) is one area where you will see less growth,
Stephen Stanley
There is more bad news to come in May. Gasoline will be up sharply, and tobacco will be up.
Stephen Stanley
We've had this pattern of strong month, weak month lately. May numbers were weaker and the expectation is for June numbers to be stronger.
Stephen Stanley
The employment number will be the key for the stock market next week.
Stephen Stanley
The Fed will have to take rates beyond neutral to a somewhat restrictive pace. Today's data totally supports that view of the world and should...eliminate any doubts about the near-term course of monetary policy.
Stephen Stanley
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