Michael Cloherty Quotes

Yields have cheapened up, but if the Fed's going to go further, they still may not have value at that level. - Michael Cloherty

Yesterday, the Fed's effective funds rate, the average of the funds rate that exists throughout the day, was 1.25 percent, way below their new 3 percent target. Today, it's even softer than that, below 1 percent. - Michael Cloherty

Tomorrow the employment report is going to take over. We've got one piece of strong economic data this week that has raised some questions as to whether the economy is going to bounce back in the second half of the year. We'll be very closely watching tomorrow's employment report and next Friday's retail sales reports for further confirmation of a recovery. - Michael Cloherty

There was a fairly significant premium in the market because of the war concerns. You lost some of that premium on the news last night and over time we've been recapturing some of that. - Michael Cloherty

There is a lot of following stocks around today. That was the big thing after the huge decline in the European equity markets - there was a lot of nervousness about what would happen in the U.S. - Michael Cloherty

There has not been much reaction to [Friday's reports] in the market. This is last month's data, and everything has changed since then. - Michael Cloherty

The underlying news is suggesting some continued strength in the economy. There's nothing to suggest any change from the Fed. Rates are going higher. - Michael Cloherty

The statement was that it markedly diminished the risks of inflation picking up. So, you know, a very positive statement from the Fed. But I think that, still, the risks are that the economic data could come in a little bit stronger than expected and force the Fed's hand one more time. - Michael Cloherty

The real has been the main factor behind this rally. - Michael Cloherty

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