Anthony Chan
Anthony Chan
labor market people shows
This shows the labor market in not overheated. And you can see that in, yes, not a lot of people are getting raises.
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.
economic effects employment expecting gives growth higher market negative none pressure report side stronger
This report was very encouraging. It gives us stronger employment growth than the market was expecting while none of negative side effects of economic growth are present, such as higher inflationary pressure from wages.
declare good labor market news report says strong turning
This report is good news because it says the labor market is turning the corner, but it's still not strong enough to declare victory.
creation favorable financial inflation job markets pressure quite report seeing since
This report is actually quite favorable for financial markets since we see very little inflation pressure while simultaneously seeing job creation inching up,
close eventually housing market peak though
Even though we are close to the peak and we are still going to see spurts in activity, we will eventually see the housing market slow.
change data federal inflation markets number numbers react though
Even though I don't think one number is going to change the Federal Reserve's mind, the markets react to data as it comes out and these numbers were not inflation friendly.
bit consumer effect equity higher markets positively react turn wealth
As the equity markets react positively to this change, we get a bit of a positive wealth effect which in turn should induce higher consumer spending.
certainly market month worried
One month doesn't make a story. But it's certainly very encouraging, especially with the market worried about inflation.
chip extent fact housing market nature negatively pillars somewhat strength
One of the pillars of strength of the housing market is the fact of the tax-advantaged nature of the asset. To the extent that you chip away at that, you would see housing somewhat negatively impacted.
believe current labor market report safe strength true
I believe that it is safe to say that this report understates the true strength of current labor market conditions.
beginning economy gradually increase instead justify market recovering rising sharp since stock
Since the beginning of this year, the economy has been recovering gradually....In that environment, a gradually rising stock market would be justified. Instead we got a sharp decline. Can we justify this rally? Absolutely....But we can't justify a thousand-point increase every week.
cuts fed financial likely markets quickly raising rate rates start
More rate cuts may not be forthcoming, but the Fed is also not likely to start raising rates as quickly as financial markets expect.
behind creeping federal general housing increase last market mortgage rates reserve seen several tone year
Several times in the last year we've seen mortgage rates creeping up and housing hasn't responded. Now the Federal Reserve has put some credibility behind the increase in rates. I think it set a general tone for the housing market that it'll be a lot more muted.