Joe LaVorgna
Joe LaVorgna
cannot grow home neither orderly relatively sky soft trees
It will be a relatively orderly soft landing. At some point, trees cannot grow to the sky and neither can home sales.
bit brighter consumer impressive outlook results spending week
The results were impressive to say the least. The outlook for consumer spending is a bit brighter than it was a week or so ago.
catalyst move numbers question thursday treasury
There's no question Thursday and Friday's numbers could be a catalyst for a substantial move in the Treasury market.
headline likes market treasury weaker
The Treasury market likes the headline because it was weaker than what it thought.
bit growth inventory means situation suspicion troubling
I am getting the sneaking suspicion that there is an inventory situation going on here, which means that growth could be even weaker. That is a bit troubling to me.
economy economy-and-economics looks october weaker
We think the economy is in recession, and it looks like October is going to be weaker than September.
bid equity flight initial markets overseas present quality softer
That initial flight to quality bid on the back of softer overseas equity markets has been present all day.
insipid next time
It's been an uninspired, insipid day of trading. We are biding time for the next big report.
There will be a payback at some point.
bottom evidence gives line market numbers positive
The bottom line is the productivity numbers were very positive for the market and gives more evidence there is a 'new economy' in place.
close fits information mindset piece report
The NAPM report is another piece of information that fits the market's mindset that the Fed's tightening is close to being done.
issue mind recovery
The issue in my mind is what kind of recovery we get from here.
building current growth inventory last less prospects quarter
Inventory building last quarter was less than what we were thinking, which actually bodes better for growth this quarter. Current quarter growth prospects are bright.
economy fed market oil stays
If oil stays where it is, then the economy will slow, and the market will take up some of the Fed tightening that is priced into it.