“The underlying economic fundamentals remain sound as has been pointed out by the Fed.”
“Share prices fell partly on profit-taking and partly because of a seasonal factors but underlying market sentiment remains positive.”
“The figures continue the recent run of reports suggesting that underlying inflationary pressures remain muted. They suggest the bank does have room to cut rates if growth disappoints going forward.”
“Overall, the data for the capital goods sector remains somewhat erratic, but the underlying trend remains upward.”
“The basic thing underlying the industry is that global demand remains very strong.”
“The cooling in prices in April was not unexpected given the surge in March. However, the underlying picture remains reasonably healthy as demand conditions have remained quite firm.”
“We think the underlying momentum in the Fed policy story warrants more explicit long dollar exposure.”
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