We've had a pretty good run here in anticipation that the Fed is nearly done raising interest rates.
More Quotes from Mark Vitner:
Just as when you save for kids' college, you don't want all your money in stocks two years before they start school. Now that the boomers are starting to retire, there's a lot more interest in bonds and longer-dated paper.Mark Vitner
We hope it will be the case that tax cuts will bridge the gap until hiring picks up, but that seems like a pretty precarious plan. But it's the only plan we've got.
Mark Vitner
The prices paid is still way up there, inflation is still running a little hot, enough that the Fed will continue to raise interest rates.
Mark Vitner
Demand in the U.S. economy is reasonably strong and retailers are probably optimistic about the holiday shopping season so they are starting to order from abroad now. The trade deficit is going to take some time to turn around. It may not happen until next year.
Mark Vitner
The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.
Mark Vitner
The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.
Mark Vitner
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