During Fed Chair Janet Yellen’s press conference on Wednesday a question came up regarding Productivity. Chair Yellen expressed the committee’s frustration and concern over the lack of productivity growth in our economy. She cited the lower productivity growth as a reason for the Fed’
It’s another week where the highlight will be the “much anticipated” Fed meeting. I’m not sure how we got here or what will happen to get away from this focus on the Fed, but it’s not normal for a central bank to
While numerous analysts are calling for US 10 Year Treasury bond yields to surpass 2% by year end, the fact remains US Treasuries are still far more attractive than any other developed country in the world. Investors should be careful believing interest rates MUST go up simply because they
The S&P 500 went 42 days without a move of 1% in either direction and 51 without a 1% or larger drop, Friday brought the largest loss for stocks since the Brexit vote in June. Ironically that drop ended a 54 day streak without a 1% drop.
Market participants have focused so long on what the Fed will or won’t do they seem to have forgotten how to actually analyze investments. Bank of America Merrill Lynch (BAML) CEO Brian Moynihan summed up the current state of the market —
“Where
