In retrospect, the number is what Wall Street wanted. It's strong enough to suggest the labor market is starting to improve, but it's not so strong as to create worries that the Federal Reserve will need to raise interest rates sooner rather than later.
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This quote is just one of 9 total Robert Long quotes in our collection. Robert Long is known for saying 'In retrospect, the number is what Wall Street wanted. It's strong enough to suggest the labor market is starting to improve, but it's not so strong as to create worries that the Federal Reserve will need to raise interest rates sooner rather than later.' as well as some of the following quotes.
Normally, this time of year is good for the market. You have portfolio managers making end-of-the-year moves, you have a global economy continuing to recover, and in the short term, you have some relief that there was no terrorism attack over the holidays.
We had a brief correction for a few days with some early tax-selling and some portfolio managers wanting to take profits, but we're back on track today.
In retrospect, the number is what Wall Street wanted. It's strong enough to suggest the labor market is starting to improve, but it's not so strong as to create worries that the Federal Reserve will need to raise interest rates sooner rather than later.
It remains a great environment for stocks, with a strong economy and interest rates staying low. But you're still subject to this kind of sideways trading for the time being.
This quote is just one of 9 total Robert Long quotes in our collection. Robert Long is known for saying 'In retrospect, the number is what Wall Street wanted. It's strong enough to suggest the labor market is starting to improve, but it's not so strong as to create worries that the Federal Reserve will need to raise interest rates sooner rather than later.' as well as some of the following quotes.