Quincy Krosby - Prudential Financial


Last quote by Quincy Krosby

In many ways, we began to replicate the market performance following Trump's election.feedback
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Oct 14 2017
Find all of Quincy Krosby’s quotes that have been published in 88 different articles on this page. Quincy Krosby’s quotes are organized by date and topic, making it easy for you to compare, for example, what Quincy Krosby has said both recently, and in the past, on a variety of topics. Some of the topics Quincy Krosby likes to comment on include Fed, December and market. Most recently, Quincy Krosby said, “But investors will also be looking for clues about whether we'll get another rate hike in December.”.
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Quincy Krosby quotes

Jul 31 2017

The fact remains the market's focus has always been on where's the economy going, but more than that, how are companies doing regardless of the backdrop.feedback

Jul 25 2017

This is what the market needs to hear from industrial names coming in strong. This is the earnings week.feedback

Jul 24 2017

They need to avoid shocking markets, catching markets off guard. They're always worried about an accident in the market that then causes collateral damage.feedback

Jul 24 2017 - Wall Street

The Fed work with Wall Street, and certainly on a major undertaking like this, they're not going to do this in a vacuum.feedback

Jul 18 2017 - Republican Party

It has affected the [stock] market. There's no doubt about it, in that there's a question as to whether or not they can proceed with tax reform. There are questions about whether or not there is leadership behind the legislation. and the Republican party can actually move with its own party…I think today the market is saying: 'What are you going to do? You have control of both Houses. You talked about this for years, and you had a president who said it would be at the top of his agenda.feedback

Jul 12 2017 - Federal Reserve

There seems to be a resurgence of the tug-of-war within the Fed regarding the rates trajectory. At here [June] press conference, she indicated that the bar to keep rates lower for longer was higher. Now it seems like that may change.feedback

Jun 30 2017 - Oil

Overall we're ending this quarter with a strong market, even though technology has taken a hit, other sectors have moved up.feedback

Jun 14 2017

It'll be interesting to see how they address inflationary pressures receding. Inflationary expectations, if you look at the surveys, are going lower.feedback

May 31 2017 - Trump Presidency

What's interesting about this market is this is all happening amid a backdrop of uncertainty around the Trump agenda.feedback

May 31 2017

We're getting to the point where money keeps chasing money. You have technology doing well, but you also have utilities doing well.feedback

May 17 2017

When you are at these valuations, the market has to reassess whether or not the agenda is actually going to be implemented. What you're seeing is a classic run toward safety.feedback

May 17 2017 - Trump Presidency

You could see gold was up, the dollar weakened and money went into the Treasury markets. As long as it seems as if the Trump agenda can be realized before the midterm election, it's OK with the market, but once you introduce uncertainty into that trajectory, that's something the market has to reassess.feedback

May 09 2017 - Trump Presidency

The market is not penalizing him for coming in and realizing that government is a much more difficult endeavor than a business investment. The market's giving him what he should be given, which is an understanding that he's getting used to the way that government works.feedback

May 07 2017 - Fiat Chrysler

Despite the low turnout, Macron's victory is an unambiguous win for the French center, for Europe, and consequently for global markets. We should initially expect a 'risk on' market before investors revert to fundamentals.feedback

May 05 2017 - Unemployment

The market has sorely needed a shot of unambiguously positive 'hard' data. This morning's employment report suggests the Fed will most certainly move in June.feedback

May 05 2017 - OPEC

OPEC is going to continue the cuts. The question is, is that enough to keep oil prices at a level that is good for business and for producers? Today it has helped to the overall turn on the markets.feedback

May 04 2017

The question is whether the market sees this as a supply story or an indication of slowing growth in the economy.feedback

Apr 28 2017 - Oil

The market is worried that the second quarter perhaps will see continued weakness, and that's part of the tug-of-war we're seeing in the market. Are we going to see the economy snapping out of this weak patch?feedback

Apr 24 2017 - French election 2017

We want to see this week if the pattern continues. You have [President Donald Trump's] promise of a 'massive' tax reform. The market wants ... a little more on the detail, a little more on the timing. The government shut-down discussions are in the headlines ... and the geopolitical headlines could pop up at any time. For now, until we get closer to May 7, when we have the [French election] final round, the market is rejoicing.feedback

Apr 20 2017

The retail sector had been probably one of the most contrarian plays in the market, and it had been a function of the worries over the consumer slowing down spending, coupled with the problems plaguing brick and mortar. The retail sector got so beaten down that it became good. The border adjustment tax was also another major factor affecting retail and the BAT added to the pain… hearing that it's not going to be a make or break for tax reform has given a bit of relief to the retail sector.feedback

Apr 20 2017

If you look at the data in the first quarter, it's suggestive of a slowing down in the economy. There's a fear that we're losing momentum.feedback

Apr 20 2017 - Oil

This is a dicey one because the market is being hit by a confluence of events.feedback

Apr 17 2017 - China

It was good news to see a positive number coming out of the world's second-largest economy. It was the strongest GDP reading in six quarters, and much of it was based on their infrastructure spending and also the housing market.feedback

Mar 31 2017

The market is moving ahead into the second quarter with valuations that are high, but the expectations are that the first-quarter earnings season will confirm the valuations.feedback

Mar 28 2017

The more we see the hard data gaining momentum in conjunction with the soft data shows the economy may not stall out in the second quarter.feedback

Mar 22 2017 - Federal Reserve

The market has embraced the Trump agenda through thick and thin. Anything that looks as if that may be delayed or watered-down or that he is not the great negotiator that he campaigned on has an extended, overbought market questioning whether or not valuations at this point are correct.feedback

Mar 22 2017 - Federal Reserve

We are so used to a market that has been underpinned by accommodative monetary policy. We have gotten away from what markets are supposed to do. They are supposed to recalibrate, take time, burn out froth and wait for the next catalyst to push the market higher.feedback

Mar 21 2017

Bank stocks moved up dramatically because of the scaling back of regulation, the 10-year Treasury yield and the economy gaining momentum. There are also questions from the market on whether Republicans will be able to pass its health-care plan. The success or failure could act as an indicator on whether we get tax reform.feedback

Mar 02 2017

You have the market wondering if the economy is in fact strong enough for a rate hike at this point. After the run-up we had yesterday, this is a good excuse for the market to pause.feedback

Feb 27 2017

The market has embraced pro-growth, pro-business. At the very core of that embrace is tax reform, it is scaling back regulation. The market wants to make sure that that agenda is ... still a top priority.feedback

Feb 27 2017

There is a growing worry that (the Trump agenda) is running into resistance. Right now, the market has accepted the fact that it's going to take longer, that there's the typical horse trading you get around an agenda like this. It's not going to be smooth sailing and quickly implemented.feedback

Feb 27 2017

This particular speech has taken on a more prominent role for the market than it has in the past. It's important, but it's not where he's going to get into specifics. This has become a must-see for the markets.feedback

Feb 21 2017

This is very, very good for the market. The positive guidance out of Home Depot points to a buoyant consumer.feedback

Feb 15 2017 - Federal Reserve

[Yellen] made it very clear that the economic data matters, and the trajectory of monetary policy is predicated on better economic data, along with inflation moving higher. We're going to be watching the data releases that come out tomorrow.feedback

Feb 15 2017

Obviously all eyes are on the White House, who is going to be Labor secretary.feedback

Feb 10 2017

The market is saying, Thank you for coming back to the very core of the reasons we have accepted your agend.feedback

Feb 10 2017

There certainly will be pullbacks. Something will hit the headlines, something will hit the tape, and then you'll see whether investors embrace the secular story of the Trump pro-growth, pro-business strategy.feedback

Feb 10 2017

When he said the words 'phenomenal tax plan, that gave hope to the market that we were going to get a tax plan sooner. He basically spurred the market, saying he hasn't forgotten about tax reform. That issue was at the core of the market's embrace of Trump's agenda, along with deregulation. But who was in the market yesterday? Trading volume was low, and it was algorithms that were triggered immediately, lifting the market.feedback

Feb 03 2017

When you have an economy that is so dependent on consumer, wages are very important. Had wages moved [further] higher, the 10-year yield have moved above 2.5 percent.feedback

Jan 28 2017

The market is going to question whether or not he is going to be able to stay on the very pro-growth, pro-business agenda that the market embraced. If there is deviation from that, yes, the market will have difficulties.feedback

Jan 28 2017

The market looks ahead. But if it looks ahead and sees trouble brewing to get things done, the market is going to perhaps stall until it gets what it wants.feedback

Jan 25 2017

In and of itself, it is just a number. But what it does is it lifts market expectations, in essence, to continue moving higher.feedback

Jan 20 2017

The market is still embracing the Trump agenda, based on the market's reaction to the speech. Now the question the market has is, specifically, what does all of that mean in terms of trade?feedback

Jan 19 2017 - Japan

One could say that perhaps central banks have actually underpinned the performance of passive funds. But if you have the European Central Bank, if you have the Bank of Japan beginning an exit from easy money, tightening liquidity, that also introduces more volatility.feedback

Jan 17 2017

And anything that deviates from that is going to account for a pullback.feedback

Dec 20 2016

If the pattern is something we've seen before, the market is going to look right through it.feedback

Dec 20 2016

As we go deeper into the week, the volume will continue to fall off. That's important because any strong headline can skew the market in one direction or another.feedback

Dec 14 2016 - Federal Reserve

Going into this, there were so many questions about what could the Fed say that could be a road block to Dow 20,000. I guess the Fed was more hawkish than the market had wanted even though Janet Yellen at the press conference basically said we're data dependent, and we don't know what the future holds in terms of stimulus and tax cuts.feedback

Dec 14 2016

She said the economy was resilient and she was much more positive than she has been. She used the word gradual a couple of times. The market was hoping she'd use that word more. This was one where the market in a sense was already moving toward a pullback.feedback

Dec 12 2016

It's clear the market is willing to give President-elect Donald Trump the benefit of the doubt right now.feedback

Dec 09 2016

If they believe that inflation is going to march higher and more rapidly ... That would give the market reason to pause.feedback

Nov 29 2016

These are tools that are being incorporated by candidates. Whether they're young or old, they're getting their message out. The market's job is to look through these things and get used to it, and the market gets bored with the same thing, so unless the tweets are really specific, and the tweets have major policy implications embedded in them, the markets will move on.feedback

Nov 28 2016 - Federal Reserve

If you have an economy that's being reflated but productivity hasn't picked up, then all of the stimulus that comes from the fiscal side is negated by rates moving higher. What you want to see is real growth. You want to see productivity picking up, because that's the basis of growth.feedback

Nov 18 2016

You are going to see profit-taking. We are watching whether or not there is going to be buying on the dip, particularly in financials and industrials, that then would suggest a secular move as opposed to a post-election one-off.feedback

Nov 15 2016 - Snapchat

The rally may be abating a bit. When you move up that quickly, you tend to slow down a bit.feedback

Nov 09 2016

It's basically he believes in stronger preparation. It's strength equals preparedness.feedback

Oct 27 2016

You have to wonder. Despite the fact that the economic data has been decidedly mixed, she has been telegraphing a rate hike. You have to ask whether she wants a rate hike for a different reason.feedback

Oct 20 2016

What assets are they going to buy? Remember, it's a much more shallow market for QE there than it is here.feedback

Oct 17 2016

I think the market needs to get assurance from Corporate America. They want to know that things are getting better. This is still a market that's trying to figure out whether it wants to break higher or lower.feedback

Oct 17 2016

You have a market that is trying to decipher where the economy is headed, what companies are telling us and what the Fed is poised to do come December.feedback

Oct 12 2016 - Federal Reserve

We remain where we were: a market still betting Chair (Janet) Yellen wants a hike in December.feedback

Oct 12 2016 - Federal Reserve

Still, the dovish case was made forcefully in the minutes, as was the hawkish case. We remain where we were: a market still betting Chair Yellen wants a hike in December. Mark your calendar for December 13-14 to see if Yellen sticks to the message she's been telegraphing since Jackson Hole.feedback

Oct 10 2016

But with the Fed inching toward a rate hike in December, for the market to keep moving higher you really do have to have earnings that are commensurate with valuation, and you need to see growth.feedback

Oct 03 2016 - Deutsche Bank

Specifically, tomorrow I want to see how Deutsche Bank performs.feedback

Sep 27 2016

There's a premium on data at this time because the data recently has been slipping.feedback

Sep 21 2016

I think the market was expecting a more hawkish hold and instead it got a mildly hawkish hold. And you could argue the (stock) market was satisfied that you didn't see a Fed anxious to raise rates dramatically.feedback

Sep 19 2016 - Federal Reserve

Janet Yellen doesn't want to say anything that'at would derail the housing recovery.feedback

Sep 19 2016

There's more expectation that the Fed will hold, but it will be a more hawkish hold.feedback

Sep 16 2016

If we hear a hawkish tone, in essence getting the market ready for December, the market can absorb that as long as you have the (strong economic) data underpinning.feedback

Sep 12 2016

She resurrected some of the concerns for why the Fed shouldn't raise rates.feedback

Sep 12 2016

Lockhart helped assuage fears that a rate hike in September was imminent.feedback

Sep 09 2016

When a market is quiet, it's susceptible to rumors, whether we're talking about a path to freeze oil production or whether the Fed is going to raise rates in September. This may be a market that has too much time on its hands right now.feedback

Aug 28 2016

She did put the market on notice that she'd like to raise rates, which means the payrolls data out on Friday is very important. The wage component, length of the workweek and types of jobs, all are crucial in order to extrapolate to inflation.feedback

Aug 26 2016 - Federal Reserve

Financials are enjoying the prospect of a rate hike in the coming months, but so are utilities moving on the prospect that rates won't be lifted at the September Fed meeting. Gold is moving higher as well, again signaling that while rates may be lifted it's not a September story.feedback

Aug 10 2016

Low volume is fairly standard at this time of the year and August tends to be a very choppy month. If you have low volumes, it could skew the market in any direction, and that's what you have today.feedback

Aug 08 2016

The market today has more breadth … and now the market again is stronger in terms of the internals.feedback

Aug 04 2016

We've moved into the new frontier of monetary policy. Thus far it doesn't look successful, because they have to keep pushing. It has the air of desperation.feedback

Aug 04 2016

Given the role of the Fed and its global positioning with regard to the dollar, can it be the one central bank that starts to raise rates? It's highly unlikely, given their focus on keeping the U.S. dollar in a range.feedback

Jul 21 2016

I think it really is that the market has done well. It pulled back and there's more and more talk of a potential Fed rate hike.feedback

Jul 21 2016

Once they mentioned Europe, that was a positive. So many investors and strategists still see Europe as without any demand whatsoever. That was a positive that there is a pickup in demand, not only in the U.S. but in Europe. That's the kind of thing the market wants to hear.feedback

Jul 21 2016

We always like to say the market needs to digest its gains, and we've been due for a bit of a pullback. I think the market is on hold waiting to see what that Fed statement is going to say.feedback

Jul 08 2016

What this report does is it assuages fears about the economy losing momentum. That's been weighing on the minds of investors.feedback

Jul 05 2016

The question for the market right now is how much of that is a flight to safety, a flight to safety just to gain yield or just worries about economic growth.feedback

Jun 20 2016 - Federal Reserve

Brexit is going to dominate the market if it looks as if they are going to leave. If it looks like they're going to stay, Yellen will dominate the market.feedback

Jun 17 2016

It reinforced a notion that they're not more prescient than the average person looking at the economy, looking at jobs, and although they may use more erudite language than the rest of us, at the end of the day they still have to see what the data releases tell us.feedback

Jun 17 2016

The market is on its own now. It will make its own assessments, as it has been doing. The market will do its job, whether or not the Fed does its. Invariably, that's how it works.feedback

Jun 14 2016

I think the leave vote is surprising people that it's gaining momentum.feedback

Jun 14 2016

There is concern (about Brexit) but to me it's more manifested in the cash on the sidelines.feedback

May 23 2016

This is more normalization as opposed to hiking. It's getting rates commensurate with where they believe growth is. This is just getting it at a level that is not warning of impending recession or an economy that's contracting.feedback

May 23 2016 - Federal Reserve

The market wants to hear from Janet Yellen. It's one thing to hear from surrogates. ... The market is a bit confused as to whether this represents what Janet Yellen really wants if this is the message she wants to telegraph to markets.feedback

May 11 2016

You heard one after another during the earnings season talk about the difficulties - they're cutting, they're closing stores. The fact of the matter is there have been questions about retail spending, and valuations overall in consumer discretionary were rich.feedback

Mar 14 2016

By June they will have a broad clutch of data and that could help them, and even some of the doves the Federal Open Market Committee, to come to a solid conclusion (on the desirability of a rate hike) and a conclusion, by the way, that the market agrees with.feedback

Feb 01 2016

Certainly the data today did not help either the bulls or the bears in terms of where the economy is going. For those who want to go into the market they're waiting for more confirmation (of economic growth). They need to be shown. will help, especially if we see wage growth moving higher.feedback

Jan 27 2016

The Fed is telegraphing to the market, we understand the process of normalization is going to cause uncertainty to markets. , we're watching it from a global perspective. But the Fed is not running a hedge fund. At the end of the day, the Fed has two mandates. They could not continue to keep rates low with the labor market improving.feedback

Jan 20 2016

We've been watching what the Treasury market has been saying about the rate hike from the get-go. They're telling you this could be a policy mistake.feedback

Jan 15 2016

If the Fed is not going to be underpinning the market, the valuations have to fall into line with fundamentals.feedback

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