William Sullivan
William Sullivan
activity bottom environment fed labor line market message rate remains suggest
The bottom line message is that the labor market activity remains robust, and that's not the environment that would suggest a need for a Fed rate cut.
additional hikes labor market mean rate spare
If we do see additional absorption of spare labor market capacity, that could mean more rate hikes through the summer.
behind claims conditions improvement labor market modest numbers relative suggesting terms worst year
The claims numbers are suggesting that the worst of the labor market conditions are behind us and that there's actually some modest improvement in relative terms as the year comes to a close,
against backdrop bit expect inflation market observers soft stronger treasury
Inflation was probably a little bit stronger than expected, so against that backdrop we don't expect a substantial Treasury market rally. We may get some short-covering, but many observers will sense that this is a soft patch.
change last monetary policy
indicating this may be the last change in monetary policy for a while.
ability bonds influence move
The big influence on bonds is stocks' ability to move higher,
benign consumers context declining doubt energy food good level news performance retail wash wholesale
The benign performance at the wholesale level may not necessarily wash through at the retail level. But there is no doubt that there is good news for U.S. consumers in the context of declining food and energy prices.
affect confidence consumer currently economic economy event fed later leading spending
The retrenchment in equities will undoubtedly affect the economy later in the year, ... This is not just a correction, it's an economic event that could affect consumer confidence and consumer spending down the road, leading to a more pronounced slowdown than the Fed is currently factoring in.
building calendar corporate dried issue kinds
The new issue calendar had dried up for all kinds of issuers. But now, the corporate calendar is building again.
building calendar corporate dried issue kinds
The new issue calendar had dried up for all kinds of issuers, ... But now, the corporate calendar is building again.
economy fear federal monetary points reserve
The fear here is the economy is overheating. And this points to a Federal Reserve with a much tighter monetary policy.
account afraid fall foreign investors leadership puts rule sharp taking view
I'm afraid we're not taking account of how foreign investors view this. That puts U.S. leadership at risk. I wouldn't rule out a sharp fall in the dollar.
accounting
It's impressive, but it's probably technical. We still have these accounting questions.
fund incredible led position testimony volatility
It was an incredible session, a testimony to nothing else other than volatility led by hedge- fund position activity.