Jack Ablin
Jack Ablin
earnings economic news positive
Right now, we have this positive confluence of earnings and economic news that has been propelling the market.
certainly economic footing solid
We're certainly on solid footing on an economic front.
believe economic fed improving infer jobs moderate oil past perhaps prices somewhat statement time
I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe that $55 oil prices are, at least for the time being, something of the past and that jobs are just improving at a moderate pace.
allow economic economists expecting federal gradual growth reserve wind
Economists are expecting a gradual slowdown in economic growth paired with a slowdown in inflation. That will allow the Federal Reserve to wind up its rate-hiking campaign.
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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.
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.
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,
bounce clear indication light moves week
With light volume, we're going to bounce around like a ping-pong ball. I wouldn't take any moves this week as a clear indication of anything.
assumes fed future hikes inflation lays next pace people percentage pivotal quarter raise rates reports statement thinking
The world assumes the Fed will raise the rates by a quarter percentage point, that's a non-event. It's what the statement lays out about the pace of future rate hikes that will be important, because that's what people are thinking about. I think the inflation reports will also be pivotal next week.
creating earnings engine environment market
Earnings are still the engine and the market is not overvalued, but the environment we are in is creating pressure.
information taking work
There's really not a lot of information here to work with, and I think the market's taking a rest.
chairman fed greenspan trying
Right now, the transparency we had with (former Chairman Alan) Greenspan is gone. We're trying to get some semblance of which way the Fed is going to go.
basis market points raising rates shock
Raising rates by more than 25 basis points would shock the market so much that the Fed's credibility would vanish.