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.
More Quotes from Stephen Stanley:
But certainly the market should be focused on the core number, since that's what the Fed looks at. We're looking for an 0.2 percent increase, which wouldn't cause a big reaction in the market.Stephen Stanley
The economy is still growing at an above trend pace and with slack in labor and product markets all but fully absorbed, inflation pressures will begin to gradually build this year.
Stephen Stanley
The report follows the recent pattern of strong growth and no inflation.
Stephen Stanley
In terms of monetary policy right now, most people expect the Fed to tighten during the next two or three meetings, but it's foggy beyond that. Greenspan didn't really say much to clarify, either in his comments or in the question period. He was appropriately non-committal, and so there's been little reaction from stocks.
Stephen Stanley
Some of the strength in building permits and claims may be weather-related and so this number probably won't be repeated, but there's been a strong recovery in the index since the hurricanes and by and large we're seeing that in the economy as a whole.
Stephen Stanley
One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990.
Stephen Stanley
Readers Who Like This Quotation Also Like:
Based on Keywords: geopolitically, month-end, tradersDon't worry about people stealing your ideas. If your ideas are any good, you'll have to ram them down people's throats.
Howard Aiken
My musical development stopped when Frank Sinatra died.
Alex Trebek
All this is only for the mice and myself to admire!
Catherine the Great