Anthony Chan
Anthony Chan
apparel climate energy high labor likely overall played prices role soft weather
While weather played a role in soft apparel sales, the high energy prices impacted overall sales. Net-net, the climate is likely to get better with improvements in the labor market.
average avoid beyond both button fall further interest investors nail panic pushing rate remains report rise
With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage.
energy fact lose sight
We can't lose sight of the fact that energy restricts growth. It is doing so.
data gain hard homes looks month percent purchases reported reveal
When one looks at the MBA data that reveal that applications for the purchases of new homes are down 7.5 percent on a year-over-year basis, it is not hard to see that the gain reported this month is not a sustainable trend.
beating beginning bullet collapsing continue dodge eventually happen impact market month negative next rates rising sure
We will eventually see the negative impact of rising rates -- we can't dodge that bullet -- but doesn't usually happen at the beginning of the cycle. I'm not sure we will continue to see the market beating expectations by these margins, but I don't see the market collapsing in the next month or so.
continue creating difference jobs nine six
We will continue on this jobless path, where we're not creating enough jobs to make a real difference to the economy, for at least another six to nine months.
consumer delivering extent good increase movements news rate rather report sentiment
To the extent that consumer sentiment reacts to movements in the unemployment rate rather than the meager increase in non-farm payrolls, we have to take this ... report as delivering good news to the troops.
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Yields at the auction came at levels that were not lethal to the stock market. Overall, it is somewhat encouraging for equities.
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Unfortunately, I don't think it's a job for Alan Greenspan.
economic exports growth increased inventory picking problem small start
Exports increased by such a small amount, it's not enough to tell me the inventory problem is going to go away. We need world economic growth to start picking up.
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Now, with the economic recovery appearing to be somewhat in place and the central bank not lowering rates, we see people trying to get in at the gates before rates start to rise.
consumer favor fed hike june next price producer tip
Next week's producer price index or consumer price index could tip the Fed in favor of a June hike if they're on the upside.
fed formulate gate looking
New Fed chairmen like to come out of the gate looking hawkish as they try to formulate their credibility. Then, they go back to looking more dovish.
ammunition arguing hawks leverage provides takes
It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.