We're in a pretty quiet time of the year. We've been pretty directionless today. Oil hasn't been doing much.
More Quotes from Stephen Stanley:
We expect productivity growth to moderate, and compensation gains and unit labor costs to pick up. Just another piece of the puzzle that points toward more Fed tightening than the market currently expects.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
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
There is more bad news to come in May. Gasoline will be up sharply, and tobacco will be up.
Stephen Stanley
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.
Stephen Stanley
There is sufficient upbeat news on the economy to convince the FOMC to tighten. If the economy warrants a rate hike, the Fed would be doing a great service by delivering.
Stephen Stanley
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