We had an extremely bad current account deficit number this morning.
A lot of us are looking at a move close to parity over the next few months. There's no indication that this move is done quite yet.
It's extremely bad and this is bearish for the U.S. dollar. This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.
Trade data is a little better ... but I think the dollar rally should be limited as the prospects for the trade deficit still aren't very good.
We're not that anxious in terms of punishing the dollar ahead of the meeting.
What becomes differentiating in a competitive environment is the agent that you put on the phone. That's why we profile agents based on the companies that we serve. That way, you have people on both sides of the phone who understand each other. They get it.
We had a couple of opportunities to blow the game open, but we didn't. We won, so we'll take it.
We all know that Art is not truth. Art is a lie that makes us realize the truth, at least the truth that is given to us to understand.