Last quote by Ilya Feygin
Ilya Feygin quotes
I think people are overreacting to the whole thing. The Fed will be tolerant of an uptick in core CPI, core PCE that aren't even that high.
There will be huge divergence between those sectors that want higher rates. ... The relative spread could be large, but the direction will probably be the same.
Heading into the fall, there's going to be a lot of central bank risk (and) a lot of political risk. Our call was, take the dispersion trade down (coming) into September.
They're betting the Bank of Japan will be very aggressive and it'll work and so far they've been wrong. And if they're going to have to revise down their forecasts they'll have to revise down their earnings as well.
I think the EEM is a good proxy for stability outside the U.S. and threat to growth.
I think the panic selling has abated but (there's) no real direction. Just back and forth. As soon as you get the slightest bounce in oil ... (investors) rotate out of consumer discretionary into other areas.
Definitely the Reuters story was negative and hit the market pretty hard.