Josh Stiles
Josh Stiles
economy focus grow inflation keeping main maybe reason shifted strength
Strength in productivity is one main reason (that is) keeping inflation low, ... It has shifted the focus back to the economy - maybe the economy can grow at such strength without inflation.
cyclical excessive focused forces happening inflation structural wrong
He's been wrong about what's happening with inflation for two years. He's more focused on structural disinflation forces than he is on the cyclical inflationary forces from excessive accommodation.
found market needs top
In a short-term perspective, the market has found a top and needs to consolidate.
bond hurt market
is going to hurt the bond market more.
basis market point rate view
The view is that the market could withstand a 25 basis point rate hike.
deal difficult market number
This is always a difficult number for the market to deal with.
agencies bottom credit good highest line looking maintain
The bottom line is, agencies will maintain their highest credit rating. Agencies are looking like pretty good value.
commodity concerned damage economy energy fed higher interested members prices risks terms
I would be interested in what those Fed members who are concerned about longer-term risks to the economy say in terms of any damage from higher energy prices and commodity prices.
attack caution middle might range surprise weeks whether yield
We don't know enough about him to know whether there might be a surprise attack so there is some caution. But overall, the 10-year yield has been in a range of 4 5/8 to 4 /12 for weeks and today, we're right in the middle of that range.
cooling demand fact fed potential rate saying until
It really comes down to the fact that the Fed is saying demand is excessive, ... Until they see enough cooling (of the economy) there's potential for more rate hikes.
again below bigger bond dips economy fairly few gone lacking looks next players road selling six struggling tested volatility
It looks like it may be fairly lacking in volatility for the next few days, (with yields) struggling around six percent, ... But I think that some of the bigger players are going to be selling when the bond dips below 6 percent, because they see down the road that the Fed's going to be tested again and again about the imbalances in the economy which haven't gone away.
bond concern eye market stock traders
There's concern for how the stock market has done recently. I do think bond traders have their eye on the stock market.
consumer gain market sentiment taking
Consumer sentiment made an extraordinary month-to-month gain and really sparked the selling. The market has come a long way and short-term speculators are taking some profits.
classic definitely dilemma hurricane number paid prices related
The new weakness, which is probably related to the hurricane and oil, definitely set in. But this number was a classic dilemma for the market, because the prices paid really rocketed higher.