The market probably did a reasonably good job anticipating this pickup in inflation. Investors are relieved there wasn't more pressure on core inflation. Unfortunately, we're probably going to see that pressure in the upcoming months.
"Michael Strauss" is a British fencing/fencer. He competed in the team sabre (fencing)/sabre event at the 1960 Summer Olympics.
More Michael Strauss on Wikipedia.It looks like the economic recovery there is the real McCoy.
The Chicago PMI helped, but the economy is doing better and we know the fourth-quarter will have some of the effect of the hurricane, but the market is ready to withstand that.
I think the majority of the Fed governors are going to realize that the boom in the stock market that we have had, the upward revision for employment growth, the strong income and savings rates are not something they are going to have to deal with for the July meeting. That will make it a lot easier for them to hold a steady policy stance.
The Fed is a little bit uncomfortable with that.
You'd want to refinance to either reduce the monthly cost of your mortgage or to reduce the amount of time remaining on your mortgage, ... In some cases, you'd actually keep both the payments and loan length the same but refinance to [tap into the equity and pull out some of the appreciated value.]
The equity market is going to begin focusing more on corporate earnings and may even focus on the positive benefits of a little bit of economic activity.
Investors are having to deal with the reality of lower corporate profits. And the stock market is starting to feel that impact.
Oil shouldn't be trading above $65 a barrel. It constrains the whole market and only some energy utility shares benefit.
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