William Sullivan
William Sullivan
glow inflation month negative
We're basking in the glow of negative inflation in the month of November.
cut developing last late market negatively potential questions rate regarding seems speech tenor treasury week
There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market.
against backdrop bad extra market negative prone react whatever
Whatever is transpiring in the market, especially this week, is against the backdrop of extra negative sentiment, so the market is prone to react to bad news.
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.
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.
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.
benchmark bump major market moving range speed start stock trading
I think right now the stock market is very comfortable with the benchmark 30-year-bond trading at between 6.5 and 7 percent. But if we start moving that range up to 7.25 and above, that could really be a major speed bump in the way of the stock market.