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David Ader Quotes

The market put in a surprising bid on Monday, albeit on tame volume and a lack of key data. If we need a fundamental rationale [for the rebound] we can discuss expectations for a soft [fourth-quarter] GDP read this Friday. - David Ader

Tags

Market | Surprising | Monday | Albeit | Tame |

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We deem this action representative of a market that has lost the flurry of last week's panic buying and instead is rethinking its view as to the near-term motivation of the Fed and the impact of Katrina. - David Ader

While the curve has moved to flat as a pancake to a bit inverted and yields open the year near 4.38%, we are not excited about further inversion just yet. - David Ader

Given this is a swan song for Greenspan, I think it's going to be one more of these global topics. There will be very little if anything that will give us any insight into monetary policy. - David Ader

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