'The Heat Is On' Goldman Sachs, Mayo Says
Mike Mayo, Wells Fargo's head of U.S. large-cap bank research, says the heat is on Goldman Sachs and that he expects to see a jump in Citigroup shares. Prior to that, Doug Bandow, a senior fellow at the Cato Institute, says bluff and bluster doesn't help the U.S. Then, Jeffrey Rosenberg, BlackRock's chief fixed-income strategist, says inflation reports matter to the Fed as it's looking for transitory weakness. Finally, Diane Swonk, founder of DS Economics, says inflation data from September and October will be more important for the Fed.
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