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Michael Woolfolk Quotes

(The survey) was a big surprise this morning, but some of the market is saying that Detroit, because of loss of auto jobs, does not reflect the rest of the nation. - Michael Woolfolk

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Survey | Surprise | Morning | Market | Detroit |

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Consumers are out there spending and keeping the economy alive. We see dollar strength heading into next year. - Michael Woolfolk

Were this trend in new home sales to continue, the Fed will be less likely to increase interest rates, which would be a dollar negative. - Michael Woolfolk

Despite some base-effect distortions caused by surges in building supplies and clothing sales in the previous month, December retail sales reflected broad-based domestic demand that should support a strong GDP figure for the fourth quarter. - Michael Woolfolk

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