Tony Crescenzi Quotes

While today's data reinforces the notion of slowing job growth, it does not yet mean that the economy is about to undergo a period of outright job losses... But it is at least clear that the economy is now on that path.

- Tony Crescenzi

Tags

Data | Reinforces | Notion | Slowing | Growth |

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The pattern of the equity market lately is that it doesn't retain its bid for long. Bonds started to strengthen on a bet that stocks would weaken. It's rare that stocks hold a bid these days. - Tony Crescenzi

With the reduced likelihood of rate hikes, money is being shifted out toward the short end of the curve where yields are higher. - Tony Crescenzi

[Analysts considered the 30-year bond's gains a correction, noting the market's oversold condition.] The long end (longer-dated maturities) had gotten oversold... Technical indicators suggested it was due for a turnaround. - Tony Crescenzi