Make no mistake. This is a soft landing. Typically, peak-to-trough declines amount to 50 percent.

We are really on track for a soft landing. There are no balloons popping.

Typically, you're going to set your peak in August,

What we have here is still the soft-landing scenario we've been predicting over this year. I suspect the increase we have in this report is an aberration because of the weather.

I think all eyes are on the economy and the Fed is trying to engineer a soft landing.

They (commodities) are more and more in vogue. This cycle....is 15 years away from the peak. We should no longer think of the world as emerged or emerging, we should think 'has it commodities or not'.