Robert Brusca
Robert Brusca
challenger continue impressed labor market rebound report sudden waters weakness
This really muddies the waters on jobs, ... I continue to see a lot of labor market distress, and I am more impressed by the sudden weakness in the Challenger report than by the rebound in the cantankerous ISM.
coming fallen financial markets
The problem, ... is that the markets have fallen sharply and they've fallen because all these financial shenanigans are coming unraveled.
attractive begins bond capital circle finds flow fully growth home instead looks markets money overseas push recover rest slow starts stock valued vicious wonderful yields
As the rest of the world begins to recover and capital finds a better home overseas because U.S. bond yields don't look attractive and the U.S. stock markets looks like it fully valued or overvalued, ... (then) money doesn't flow here. And when money doesn't flow here, it starts to push bond yields up, and that starts to slow our growth and make the stock market look worse, and you start to get into this vicious circle instead of this wonderful circle you're in now.
above average bad divides good job line market months normal performance recent recessions three
Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
bad basis coming housing market numbers strong
We are coming off strong numbers, and I don't think we would want to say bad things about the housing market on the basis of these numbers alone.
bond details expect fear headline less market people report worries
I would expect the bond is going to do a lot better after this report. You look at this headline (and) it worries you, but then you look at the details in this report and you see what is going on. I think the more people look at this report today, the more they are going to like it, the less they are going to fear it, and the better the bond market is going to do.
bonds focus good growth inflation market numbers reaction seeing strong year
But it was a strong year of growth and you see the inflation numbers were very, very tranquil. If anything, bonds are going to focus on inflation so we should be seeing a good bond market reaction to this.
cautionary glad guard markets maybe monetary
Maybe the markets are glad to know they've got a cautionary guard at the monetary door,
markets radar reason recession stock talk
There is a reason for stock markets to be worried. But I don't think we need to talk about recession yet -- it's not on the radar screen.
bear building economy fruit head improvement job less market pointing report signals simply
Some of the signals pointing to job market improvement simply did not bear fruit this month. The report makes the economy look even less like it is building a head of steam.
looking market seeing stock
The stock market is earnings-oriented. But if you're looking at earnings, you're not seeing anything improving.
bonds correct fed market takes
The sell-off in bonds is for real and is the correct reaction. The Fed will need confirmation to act. The bond market won't. It takes no prisoners.
dismiss due extent forgive increase market tobacco willing
A point-three increase is a big increase. ( But ) to the extent the increase was due to tobacco prices, the market may be willing to forgive it, dismiss it, to put it aside.
fresh market view
It makes sense to take a fresh view of things, and then the market readjusts,