As a forecasting rule of thumb, the yield curve has been pretty good but it may not be a good rule of thumb today.
More Quotes from Dorsey Farr:
Right now bonds are reacting, and perhaps overreacting, to employment and CPI. What we will probably see in the next couple of months is that we aren't as close to an interest-rate hike as those two reports might suggest.Dorsey Farr
If the targets continue to be specific industries such as financial firms and airlines, it's not clear that another terror attack will have strong ripple effects through the rest of the economy.
Dorsey Farr
That's not what we expected to see in a year when earnings growth would slow slightly, and we were seeing some of that slowing already.
Dorsey Farr
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