Kevin Flanagan
Kevin Flanagan
aggressive closer comfort continue easing favorable federal help level numbers provide reserve
From the Federal Reserve vantage point, the productivity numbers are favorable and will continue to provide the Fed a comfort level in its aggressive easing stance. There's no mistaking we're closer to the end of that cycle, but numbers like this will help to alleviate these anxieties.
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.
assume cycle
I don't think you can assume the Fed's tightening cycle is done,
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,
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.
bit close cooling economy fed gotten interest itself market numbers position process raising threw
The market had gotten itself into a position where the thought process was the economy was cooling off a bit and the Fed was close to being done raising interest rates. These numbers threw a wrench into the works.
curve expensive fed front seems
The front end of the curve seems to be on the expensive side. You have a Fed that is not yet done tightening.
bit excuse market offer top
The market has been a little top heavy, so (the PCE increase) did offer a bit of an excuse to sell.
breaking claims couple ground lower nor numbers price since support ticks treasury
The claims numbers don't do anything to support the Treasury market, nor are they ground breaking either. The 10-year's price is a couple of ticks lower since the report.
last move noticed share taken week
The lion's share of those bookings have been taken off the sheets, ... It's only after Fed's move last week that we've noticed this improvement?
quite san
In San Diego, we don't try quite as hard.
current rise
We still think the fundamentals will come back and rise from current levels.
coming highs seeing slightly stocks
We're seeing stocks coming slightly off their highs here.