Richard Gilhooly Number Quotations

But certainly the numbers are weaker than expected, ... This is just one in a series of numbers which argues that the economy is decelerating rapidly.

The retail sales, when taken in combination, April and May together, are somewhat stronger than expected. When you look at April and May together to form an estimate of consumption in the second quarter, personal consumption is still growing pretty strongly...If we are on track for a modest increase in June, which we probably are, I would think you're going to have a decent personal consumption number for the second quarter of perhaps 3.0 percent.

The (job) numbers were very good for the market. They reduce the probability that the Fed will tighten aggressively.