16 Quotes by Joe LaVorgna
- Author Joe LaVorgna
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It's been an uninspired, insipid day of trading. We are biding time for the next big report.
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That initial flight to quality bid on the back of softer overseas equity markets has been present all day.
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The issue in my mind is what kind of recovery we get from here.
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If oil stays where it is, then the economy will slow, and the market will take up some of the Fed tightening that is priced into it.
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Inventory building last quarter was less than what we were thinking, which actually bodes better for growth this quarter. Current quarter growth prospects are bright.
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The economy got off to a good start (early) in the first quarter.
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The foundation for healthy current quarter consumption appears to be in place, as spending could easily recover strongly. Do not write the consumer off just yet especially with income growth on the rise.
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