Michael Darda
Michael Darda
bond low market relative ridiculous stock whereas
The bond market is at a ridiculous valuation, whereas the stock valuation is low relative to bonds.
bond economy market ok reaction reassure seemed stock
They seemed to reassure the market that the economy was OK after the hurricanes, but overall, I don't think there's anything new, and that's why the stock and bond reaction has been muted.
boxed fed inflation moving rates
Inflation has boxed the Fed in, they are going to have to keep moving rates up.
above economy-and-economics positive potential
There's the potential for a positive surprise. But anything around or above 200,000 is a positive for the economy.
although great month trend
It was a great report, although one month does not a trend make.
pause percent saying
Essentially, he's saying that they may pause around 5 percent after the May meeting.
based demand future happen near supplies
A significant part of demand right now is based on speculation that something is going to happen in the future or near future to make supplies much more scarce.
change context economic monetary overall policy risks talking within
There's no real change in the rhetoric. He's talking about risks to economic growth, but within the overall context that monetary policy can respond.
economic growth inflation obviously strong
This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.
attention best bottom companies line pay rather
The bottom line is that it's best to look at what the companies are actually doing rather than pay too much attention to what they're saying.
bottom ceos financial line officers pitfalls sound worrying
This is a sound contradiction because CEOs should be the visionaries and CFOs should be the bottom line worrywarts, ... Financial officers should be worrying about all of the costs, the pitfalls and the risks.
anywhere cause close depended market miss negative recent
If we get anywhere close to the forecast, its going to be negative for bonds, cause that market has depended on a miss on payrolls in recent months.
continue convinced energy higher prices pricing raising saying strong threat worry
They are saying that they are not convinced that the threat of higher energy prices is over, that they continue to worry about pricing pressure, and with a strong economy, they can keep raising rates.
surprising
There was nothing too surprising in what he said.