Bill Sullivan
Bill Sullivan
data difficult represents whether
The data will look better, but it's going to be very difficult to distinguish whether it represents real change.
balance calendar continues data economy euphoric fed inflation market raise rates remains reported sign stock taking tame
The stock market was euphoric over the data reported -- taking it as a sign the Fed will not raise rates over the balance of the calendar year. Inflation remains tame and the economy continues to grow.
activity ahead data economic light movement prominent testimony
Activity is very light ahead of Greenspan's testimony tomorrow. We really shouldn't see much movement . . . there is no prominent economic data out today.
activity ahead data economic light movement prominent testimony
Activity is very light ahead of Greenspan's testimony tomorrow, ... We really shouldn't see much movement . . . there is no prominent economic data out today.
added data decline friendly
The friendly data such as the decline in the NAPM non-manufacturing added support,
none party
This should be a party like none other in Highland.
next recovery strength tells
This tells us nothing about the strength of a recovery next year,
bid combined heights markets prices push stock tremendous
Everything has combined to push prices to new heights and if and when stock markets capitulate, you will have a tremendous bid for Treasuries.
borrowing consistent costs equity form market offset pattern records rising stock though wealth
Even though the rising pattern in borrowing costs is a form of restraint, it is being offset by a surge in equity wealth as the stock market records consistent gains.
case evidence government inquiry millions original originally proves rendered terrorist three
The government now agrees, after three years of inquiry and millions of dollars, that the evidence in the original case proves the terrorist convictions originally rendered by the jury.
events incentive major
With so many events looming ahead, there is no incentive to take any major positions.
against began ceo economic happened huge indicator investor leading lower market move potential seen stock wealth
What happened is the stock market began to move lower not because of economic fundamentals, but because of a setback in investor confidence. This huge evisceration of wealth is being seen as a leading indicator of the economy. Against that backdrop, CEO perceptions of the economy's potential have worsened.
clear east environment investors level middle unsettled week
What's going on in the Middle East is resonating more with investors now than it was a week ago, ... It's become very clear that the environment in the Middle East is (more) unsettled and that's introducing a new level of uncertainty.
believe result risks strength underlying
There is a lot of underlying strength in this economy, and as a result we do believe there are some inflationary risks down the road.