Michael Darda
Michael Darda
economy good higher oil remains report retail sales strong suggestion
Overall, the retail sales report was a strong suggestion that the economy remains robust, particularly when you take out the autos component. It suggests that we're going to see a good read on GDP growth, even with the higher oil prices.
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.
economic growth inflation obviously strong
This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.
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.
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.
fourth happened quarter
It doesn't look like what happened with GDP in the fourth quarter is a harbinger of the future.
basically fed market raising realized seeing stock
I think he's basically greasing the skids for the Fed to keep raising rates, and that may not be something the stock market has realized yet, ... and that's why you're not seeing much reaction.
action additional create disruptive downward drive fed financial inflation likely metals move precious pressure prices rates renewed sharp
Such action could create a sharp upward move in inflation expectations, additional upward pressure on precious metals prices and renewed downward pressure on the dollar, ... If that were to happen, the Fed likely would have to drive rates up much more in the future, which could be disruptive to financial markets.
august headline jobs july june number report robust
I thought the jobs report was more robust than the headline number would suggest, with the June and July upward revisions to payrolls countering the August miss.
affected against almost benefit dollar gold major prices rising run
Gold prices are rising against almost every major currency, ... So the run up in gold prices here has not affected the dollar to the benefit of other currencies.
growth percent
You just can't have 30 percent growth every quarter.
appreciation dramatic market negative number price sign slowing
Today's number is a sign of slowing ahead. But that's not a negative thing. With the dramatic price appreciation we've seen, we don't want to see a runaway market out of control.
crude escaping gravity looks oil
To me, this looks like continuation of crude oil escaping the gravity of reality.
boxed fed inflation moving rates
Inflation has boxed the Fed in, they are going to have to keep moving rates up.