Michael Woolfolk Quotes

While the US trade deficit showed an unexpected improvement in February, any lasting market enthusiasm was firmly misplaced. Energy prices continue to rise while China remains resistant to further currency flexibility.

- Michael Woolfolk

Tags

Trade | Deficit | Showed | Unexpected | Improvement |

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Consumers are out there spending and keeping the economy alive. We see dollar strength heading into next year. - Michael Woolfolk

What we are concerned about is that going forward they may decide to remove petrodollars and redirect them elsewhere. If they do, it is negative for the bond market and ultimately for the U.S. dollar. - Michael Woolfolk

Market players don't want to be caught the wrong way here going into a very heavy data week in the U.S.. - Michael Woolfolk