Tony Crescenzi
Tony Crescenzi
feeling true underlying
If you want to asses the market's true feeling about underlying (economic) fundamentals, you have to look at the 10-year and under.
actions begin billion breaking critical endgame finally hike hikes light limits loss point rate rational reached recent scope stock thinking wealth
In light of today's $500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.
bond concerns federal reserve watches
These are important concerns for the bond market, ... We know that the Federal Reserve watches these things.
auction clearly horrid investors results sticker
The horrid results of today's 30-year auction clearly show that investors have encountered sticker shock,
captured conference current decline impact market money phone poll recent stock
The distinction (of the phone survey) is important, ... Because it suggests that the ABC/ Money poll is more current and may have captured more of the impact of the recent stock market decline than did the Conference Board's.
aggressive fallen touch view
The market's view about aggressive tightening has fallen just a touch because of the Dow drop,
built confident good market tremendous
The market is very confident in Greenspan. He has built up tremendous good will.
above economy economy-and-economics market might poised
The market is of the mind-set that the economy might be poised to rebound, and that will take precedence above all else.