Kevin Flanagan
Kevin Flanagan
curve trades
A lot of curve flattening trades had to be reversed.
evidence rebound sector seeing strength turned
There is unequivocal strength in this report. We're seeing a rebound in the backlog of orders, and evidence that the manufacturing sector has turned the corner.
bond market sell
You would think the bond market would sell off.
claims elicit figure
This claims figure was not too much off expectations so as to elicit a big reaction.
appearance clarity fed setting stop taken whether
This appearance has taken on heightened significance as we try to find clarity on whether the Fed will stop tightening after May 10th (policy setting meeting) or not.
appears bond continue economic further improve market order response seeing signs slight
I think you're seeing an enthusiastic response by the bond market because there appears to be a slight deceleration in economic activity. In order to continue to improve we'll need to see further signs of that slowdown.
appears bond economic response seeing slight
I think you're seeing an enthusiastic response by the bond market, because there appears to be a slight deceleration in economic activity.
delayed fact military possible vote
It has more to do with the fact that there could be a delayed vote because of possible military action,
anytime fed selling
Anytime the Fed moves, you're going to get a knee-jerk selling reaction.
fact fed friendly maintained mean neutral slightly statement
The Fed statement is a neutral to slightly friendly development, ... The fact that they maintained neutral directive helps, but doesn't mean they can't tighten again.
far fed numbers pause risks trying
The Fed may pause even if the risks aren't balanced. He is trying to tell you that we will still pause even if the numbers come in as they have so far this year.
calendar fed hike leanings represents ruled time towards year
If there are any leanings one way or another, one is towards tightening. Another quarter-point hike can't be ruled out. This represents an opportune time for the Fed to tighten for calendar year 1999.
consumers degree economy items positive providing remains report retail sales somewhat spending support
The retail sales report underscores that consumers still are providing a degree of support for the economy as a whole, ... It's somewhat encouraging to see that spending for big-ticket items remains on a positive swing.
continue early fed investors numbers realize sentiment starting strong
The sentiment is not as enthusiastic as it was early this week. Investors are starting to realize that if the (economic) numbers continue to come in on the strong side, the Fed is going to tighten (credit) again.