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Tony Crescenzi Quotes

«The market doesn't believe he (Greenspan) will deviate much from last week's testimony,»
«We've come a long way, ... There's almost no expectations of further rate hikes for the rest of the year.»
«While the Fed may have won the battle against growth, it is yet to be proven that they have won the battle against incipient inflation pressures,»
«Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,»
«With the reduced likelihood of rate hikes, money is being shifted out toward the short end of the curve where yields are higher,»
«Prices are more likely to go up, ... The market built a wall of worry, and it's time to move on.»
«In the aftermath of a string of bad inflation news, the Fed now appears to have ample ammunition to justify their strategy shift.»
«These various bets were clearly wrong-headed, ... But on the other side of the trade, someone made money.»
«The market is torn between the implications of the stock market fall and the economic news, ... The performance of stocks next week will determine who wins this tug of war.»
«They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,»