It looks like we are starting to gain some traction here
—Anthony Nieves, chairman of the ISM’s services survey, via Bloomberg.
This report really is pretty encouraging
—Joel Prakken, chairman of Macroeconomic Advisers, on the ADP jobs report, which said companies cut approximately 20k jobs in February: Bloomberg
The Beige Book just confirmed the reality of muted economic growth. That shouldn’t be surprising to investors, but it did have a negative reaction today.
—Malcolm Polley, chief investment officer at Stewart Capital Advisors, $1 billion AUM
I think it’s too soon to say, Was that all?
—Ronnie Lowenstein, director of NYC’s Independent Budget Office, on the slighter than expected effect of the recession on NYC: NYT