“The underlying economic fundamentals remain sound as has been pointed out by the Fed.”
“The basic thing underlying the industry is that global demand remains very strong.”
“We think the underlying momentum in the Fed policy story warrants more explicit long dollar exposure.”
“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.”
“Underlying demand remains very strong. The first four months of the year certainly exceeds our forecasts and the forecasts of everyone else in the industry.”
“Overall, the data for the capital goods sector remains somewhat erratic, but the underlying trend remains upward.”
“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.”
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