Lara Rhame Surprise Quotations

If we get a downside surprise in retail sales, everybody will shrug it off. We all know that April was a bad month for the economy; the markets are really geared toward May.

Market expectations have priced a rate cut in. When markets are pricing it in like that, the Fed can't afford to give a downside surprise in this environment.

We've never seen how this index behaves in a recovery; we've never seen it in anything but a downturn. It doesn't surprise me that we'd get record levels, now that manufacturing is recovering.