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IN THE END, IT WAS JUST A HEALTH CARE BILL

“When we start to grow the economy at 4, 4.1 percent, it actually not only increases wages but it puts more money in Americans pockets each and every day.  And so tax reform and lowering taxes will create and generate more income, and so we’re looking at those, where...

RUSSIA TURNS RED AGAIN

“I have been authorized by the Department of Justice to confirm that the FBI is investigating Russia’s interference in the US election.  [Including] whether there was any coordination between the campaign and Russian efforts.” FBI Director, James Comey, 3/20/17...

S&P EPS RELIANT ON ENERGY (BUT LESS SO)

“I think the Federal Reserve has been doing a good job [in achieving its mandate]. The Fed will do what they need to do. And we respect the powers of the Fed.” White House Chief Economic Advisor, Gary Cohn, 3/12/17 FAST FACTS ABOUT TODAY’S ECONOMIC DATA: The...

CHINA GUARANTEES A SOFT LANDING

“The RMB exchange rate will be further liberalized, and the currency’s stable position in the global monetary system will be maintained.” Li Keqiang, China Premier, 3/5/17  FAST FACTS ABOUT TODAY’S ECONOMIC DATA: China reminds the world that they have the tools to...

DURABLES REBOUND (MAYBE THAT PIPELINE STEEL?)

“The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ I get up from the table.” Mexican Economy Minister Ildefonso Guajardo, 2/27/17 FAST FACTS ABOUT TODAY’S ECONOMIC DATA: S. Durable Goods Orders rebounded +1.8% M/M in January thanks to...
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