102 Quotes by Stephen Stanley

The market seems to be betting that the storm won't have a long-term impact, but that really depends on how much the storm disrupts the oil infrastructure, something we may not know for weeks.

We're in a pretty quiet time of the year, ... We've been pretty directionless today. Oil hasn't been doing much.

The levels in July were too high for the reality of what is truly going on in manufacturing. The move back in August is to a more realistic level.

We know from low inventory levels that they're going to have to rebuild inventories as economy strengthens,

The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.

One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990,

But certainly the market should be focused on the core number, since that's what the Fed looks at. We're looking for an 0.2 percent increase, which wouldn't cause a big reaction in the market.

Barring an abrupt weakening in the economy, the Fed will continue to hike rates at a measured pace for the foreseeable future.

If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.