Stephen Stanley
Stephen Stanley
Stephen Stanley is a Canadian singer-songwriter associated with the band The Lowest of the Low. Stanley also performs as a solo artist, sometimes in collaboration with violinist Carla MacNeil...
healthy moving
The ISM manufacturing index moderated significantly in December, moving from torrid to healthy territory.
concerned fed growth inflation
The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
currency economy modest movements partners proven remedy simply stronger trading
The U.S. economy is simply stronger than that of most of our trading partners and modest currency movements have proven insufficient to remedy the balance.
bad corporate economy good inflation investors margins profit stock thinking
What stock investors probably need to be thinking about now is 'what are profit margins doing?'. A little inflation wouldn't be so bad for the stock market, for Corporate America, but it wouldn't be good for the economy or the consumer.
costs currently expect fed gains growth labor market pick piece points puzzle toward unit
We expect productivity growth to moderate, and compensation gains and unit labor costs to pick up. Just another piece of the puzzle that points toward more Fed tightening than the market currently expects.
consistent fed signal
There is no signal that the Fed is nearing the end (of its tightening cycle), and that's been the one consistent thing.
attention decline
What really got everyone's attention was the decline in the unemployment rate.
anecdotal average earnings evidence fed growth labor officials picking pressures remain suggesting unit wage
Fed officials will remain watchful for a reacceleration in unit labor costs, especially with anecdotal evidence and an upturn in average hourly earnings growth suggesting that wage pressures may be picking up.
clear concerns core fears fed inflation measures officials outlook present prices related
Fed officials have made clear that their heightened inflation concerns are related more to the outlook than the present situation. Thus, inflation fears have intensified even as core measures of prices have been exceedingly well behaved.
expectation june month numbers pattern strong weak weaker
We've had this pattern of strong month, weak month lately. May numbers were weaker and the expectation is for June numbers to be stronger.
track
We are still on track for a blowout quarter.
fed momentum reasons robust speaks underlying
This speaks to very robust underlying momentum in the economy, which is one of the reasons why the Fed will have to keep going.
afraid chicken demand game happen holiday might nobody risk short traders wanting wants week
There's a game of chicken going on with traders wanting to go short but too afraid of month-end demand to risk it. Anyway, nobody wants to be short in a holiday week when anything might happen geopolitically.
bit focus represent shift
It would represent a bit of a shift from a macroeconomic focus to a banking/regulation focus.