Brian Dolan Market Quotations

The real estate market has been an underlying source of support for private consumption. As that market begins to slow and weaken, that would have an impact on private consumption.

The market has been burned on both sides, so people want to see what the Fed has to say and unless it's a concrete statement, everything will continue to be data-dependent.

Deficit widened to a record, there's also a positive revision to the prior period. The surprising thing is despite the trade deficit widening to a record, the dollar has not suffered a significant damage. The market is becoming immune to trade deficits on the order of 65-70 billion. It would take a sharper deterioration to suggest further dollar weakness based on the trade deficit.