3 ordspråk av Corey Redfield
Corey Redfield
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While this is a second-tier economic number, this just shows how robust the housing sector is and that it is strengthening from already strong levels. Bonds have sold off in response to this, as well as the very strong stock opening.
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If anyone was still expecting a Fed rate cut before, they're certainly going to throw that out the window.
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It seems like the manufacturing sector is picking up steam. It's a strong number, but there are a couple of caveats -- it was largely driven by auto production and utility production.
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