William Sullivan
William Sullivan
bonds buy close data dominant environment improvement market sees sell stock view
The stock market sees these data as representing an end to the recessionary environment and signaling some improvement in the not-too-distant future. For now, the dominant view is that this is the close on the 2001 recession, so you sell bonds to buy stocks.
data employment expected november reacting somewhat stronger tenor
What we are reacting to is the somewhat stronger than expected tenor in the November employment data - that's it in a nutshell.
data debate fed generate hikes
The data will generate a debate at the Fed about how many more rate hikes there will be.
coming data economic market outlook performing prove rally sets stage
The way the market is performing now sets the stage for a big rally if there are any data that prove disappointing on the economic outlook in the coming weeks.
ahead data defensive key market remains
The market remains very defensive ahead of these key data releases.
corporate profits recovery strong
What that suggests is that the recovery in corporate profits may not be as strong as expected.
expensive holding money onto people starting
It was a little disappointing, but it is so expensive that there may be a lot of people holding onto their money for the 10-year and 30-year starting tomorrow.
baton bed breathing coming hear male pushed second side wake
I used the end of my baton to try and wake the male because I could hear breathing, ... As I pushed on his right shoulder, I could distinguish that the breathing was coming from a second person on the other side of the bed on the floor.
foreign indirect interest managers match pension percent pressure reservoir worldwide
There was a big reservoir of foreign interest -- 65.4 percent went to indirect bidders. That is overwhelming and underscores the pressure worldwide for pension managers to better match their unfunded liabilities.
bonds corporate filling pave rally
Corporate bonds are filling the void, to some degree. But this does not pave the way to a rally in bonds.
confidence flight healing huge improvement investor process reflects rising seeing
Confidence is rising and risk-aversion is declining. Now we are seeing a huge flight from quality. That reflects the healing process and an improvement in investor psychology.
appears august defensive doubt hike later market meeting policy preparing rate
There's no doubt the market is on the defensive and is preparing for what appears to be inevitable. A rate hike at the August policy meeting later this month.
cut decline doubt interest provides rate
There's no doubt that this rate cut and interest rate decline provides liquidity,
across selling steady
Liquidation, liquidation, and more liquidation, ... It's a steady drumbeat of selling across the curve.