Even the initial drop was not a huge one, not even 1 . All three major averages are down. The dow is down 30 points. At one point, it was down about 100 points. Iscould be worse, i guess, the way to look at the averages. This is despite the job report coming in much weaker than estimated, and on top of that, we got a Services Report that was weaker than estimated, showing the slowest expansion last month going back to 2014. Interesting phenomenon we are seeing. Take a look at the groups on the move to see what is supporting the gains we are seeing. It looks like it has to do with the drop we are seeing in bond yields. Utilities are up and Telecom Stocks are up, and those tend to be the groups that benefit when yields are lower. Consumer staples also representing the defensive groups. Financials are far and away the worstperforming group. Look at what is happening with the banking stocks. A big drop here in Companies Like jpmorgan, wells fargo, bank of america, and citigroup. The percep
We always look to see what the us. Operators are doing. Some of my peers do a great job of tracking whats going on in asia which impact the current. The consensus is around 50 Million Units for this quarter and what were seeing is the operators arent seeing their customers upgrade their phones and that gives us a little bit of concern over whether theres a change in how people are holding on to their phones longer and we were totally wrong on this six months ago. I thought that with the payment plans it would be easier for customers to upgrade. They wouldnt charge you 2 or 300 up front. It would be zero down. I thought that would stimulate more upgrades and the exact opposite is happening. We saw a little bit of this in the Fourth Quarter and it got really dramatic in the First Quarter and youll see at t and verizon and others report. Youre talking about a potential game changer here. Structural changers is the move in your note. Are you waivering on your buy call. Thats an issue. It c
Not much more than an 18 month process. How did you do that . Well i started right away as you point out. I left the fed on saturday and monday it was at brookings working on the book. I have lots of material. The Federal Reserve let me see my emails because i managed by email. I had dozens and dozens of email every day. It was very useful because you could go back and put a see in real time what was happening and what you are thinking it i also had daily news clippings and other material. I had a wealth of material and i could sit down and bang out a draft. I should also say, i had some help from skidmore who is a pet federal affairs person at the fed who took a year off to help me with the process in the research. I got a good start and had it done within about 14 months. A decade more or less when some of the most dramatic Economic Times in our lifetime, if not on our nations history, you probably have time to reflect much on your life during that decade, certainly reflect on econom
This book was on the stand and being sold by october of 2015. Not much more than an 18 month process. How did you do that . Well i started right away as you point out. I left the fed on saturday and monday it was at brookings working on the book. I have lots of material. The Federal Reserve let me see my emails because i managed by email. I had dozens and dozens of email every day. It was very useful because you could go back and put a see in real time what was happening and what you are thinking it i also had daily news clippings and other material. I had a wealth of material and i could sit down and bang out a draft. I should also say, i had some help from skidmore who is a pet federal affairs person at the fed who took a year off to help me with the process in the research. I got a good start and had it done within about 14 months. A decade more or less when some of the most dramatic Economic Times in our lifetime, if not on our nations history, you probably have time to reflect muc
Sound, at the speed of we will take you inside the worlds fastest and most expensive private jet. Outrageousions options, check out some of the strangest items ever sold on ebay. We begin with the big ecostory of the day. Chinas Economic Growth increased for the first time in three quarters after the government accelerated spending. Jonathan ferro has more with the market reaction. Are you still alive . Talk to me about china. This is reassuring for us in many ways. The top line is reassuring. Growth that 7. 5 . That is solid growth. The synnex among us the pointu take it as seven five percent growth, the question has been asked whether this economy is restructuring. Look at some of the credit growth going through and the stimulus measures and you ask yourself whether they can get the task done. Theyre looking at this and for that government to maintain legitimacy, you have to maintain jobs. They do not want the Unemployment Rate to rise. They have to generate growth, no matter what lo