Despite the weakness of the past two months, the general underlying trend for the economy is still higher. The data still point to strength in the manufacturing sector, and upcoming orders appear strong.
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This quote is just one of 9 total Rob Palombi quotes in our collection. Rob Palombi is known for saying 'Despite the weakness of the past two months, the general underlying trend for the economy is still higher. The data still point to strength in the manufacturing sector, and upcoming orders appear strong.' as well as some of the following quotes.
But it hasn't. The debt market expects Greenspan will achieve a soft landing, which means corporate earnings aren't going to crash and the outlook for corporate borrowers remains positive. That's driven yields lower, which in turn has kept borrowing costs lower for companies.
Despite the weakness of the past two months, the general underlying trend for the economy is still higher. The data still point to strength in the manufacturing sector, and upcoming orders appear strong.
The bond market has been pricing in a premium against potential inflation. They've been looking at the numbers for some time and assuming that U.S. growth has consistently been strong enough to trigger inflation, and that is not a good thing for bonds.
It's obvious that the U.S. economy is very strong and producing jobs at a very robust pace. Even with the relatively tame wage gains, the market is anticipating another interest rate increase from the Fed.
This quote is just one of 9 total Rob Palombi quotes in our collection. Rob Palombi is known for saying 'Despite the weakness of the past two months, the general underlying trend for the economy is still higher. The data still point to strength in the manufacturing sector, and upcoming orders appear strong.' as well as some of the following quotes.