Jack Ablin
Jack Ablin
behind bond chip continues economy economy-and-economics inflation market seem
The bond market is still behind the inflation curve. The inflation story continues to chip away at our economy and it doesn't seem to be getting any weaker.
accounting concerns continue dominate investing seeing
Accounting concerns continue to dominate the market. We're going to be seeing this 'Prove it to me' investing for a while.
bond derived fuel invest market move raise seems somewhat
It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to raise (interest rates) in Japan. A lot of the fuel that has been used to invest in this bond market has been derived from 'easy money' in Japan.
bond market seems
It seems like the market is obsessing on this bond market fallout.
among believed fed next possibly skip
It's increasingly believed among participants that the Fed will skip the next meeting, and possibly one more by the end of the year.
avoid economic fed front growth looking negatives period rate
We're still getting more negatives on the economic front today, and this is a period where we're really looking for economic growth to avoid a Fed rate cut.
digging factory found orders report traders weakness
Traders found some weakness in the factory orders in the ISM report after digging around.
backdrop creating fed four interest last low played
Over the last four years the Fed has played the part of a surrealistic painter, creating a dreamy backdrop with generously low interest rates.
asset bottom deal finding increasing line paying portion trading
They're going to get a deal done, but they may end up paying a premium. These firms are finding an increasing portion of their bottom line attributed to trading and asset management.
money needed
You needed to be a meteorologist to make money in this market.
change comfort economic economy fed lends sees shut slight spite
This lends some comfort to the situation. In spite of slight economic weakness, the Fed sees no need to change its strategy. It's also not going to shut down the economy too quickly.
economic gives number tantamount
Any number Wal-Mart gives is tantamount to an economic indicator,
bank both business deal expanding fine fit ideal shift york
This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing a fine job. This shift out of distribution is an ideal fit for J.P. Morgan.
doubt employment knowing language looking measured mind pause
After looking at the employment numbers, there is no doubt in my mind that the measured language remains. Knowing what we know now, there's no pause in 2005.