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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, May 4, 2011

Rosenberg Soundbites

Today's email:
  • Mixed is the only way to yet again describe how the day has started off; bonds are trading defensively; U.S. dollar is a tad softer; on the global data front, the news could definitely have been better; rate hike expectations have started to recede in several countries
  • U.S. weekly chain store sales data do not appear to be living up to their advanced billing
  • Earnings forecasts coming down
  • U.S. manufacturing segments: Only transportation equipment is seeing second-derivative improvement while tech orders now contracting on YoY basis

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