“The underlying economic fundamentals remain sound as has been pointed out by the Fed.”
“We think the underlying momentum in the Fed policy story warrants more explicit long dollar exposure.”
“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.”
“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 basic thing underlying the industry is that global demand remains very strong.”
“Share prices fell partly on profit-taking and partly because of a seasonal factors but underlying market sentiment remains positive.”
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