That's not exactly an evaluation which would suggest that Friday's number will be a blowout to the upside.
More Quotes from Steve Stanley:
It is reassuring that the February drop in confidence appears to have been a one-off event rather than the beginning of a trend.Steve Stanley
I do not view the upside surprise as being terribly significant. There were very few areas of concern within the core.
Steve Stanley
The Fed may need to prove its inflation-fighting credentials because expectations could be shifting a bit. The case for continued rate hikes has become, if anything, more compelling since Katrina,
Steve Stanley
While concerns about the impact of rising interest rates will be a frequent theme of discussion in the press and financial markets, homebuilders and realtors are confident that favorable demographics and an improved economyjob market should help, at least
Steve Stanley
All in all, this is significantly more hawkish than I suspect market participants were anticipating, ... Bond market players have been throwing around theories about a second half slowdown, with the June data creating a huge stir, but the Fed has almost not given that idea a second thought.
Steve Stanley
There have been a number of strong offsetting influences on consumer moods so far this month. Obviously, the two biggest negatives are the shaky jobs situation and rising gasoline and energy prices,
Steve Stanley
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