After a rough start, 2016 appears to be headed into a good close for equity markets. In this last 2016 issue of the Coherent Investor series, we review possibilities for 2017 earnings. We consider variables from three perspectives, fundamental market drivers such as sales and margins, cyclical and seasonal factors, and finally economic conditions.
Fed Chair Yellen’s speech at Jackson Hole, Wyoming on August 26, 2016 offers an expose on the Fed’s toolkit, past, present, and possibly future.
Will the Fed raise short-term rates this year? How have their decisions affected stock and bond markets? The salient question is what the market thinks The Fed will do. Get ready for some objective answers.
Since the post-Greenspan Fed declared glasnost, studying Fed speeches has become more gratifying and educational. I want to focus on the speech given at the Economic Club of New York on March 29th by the Chair of the Board of Governors of the Federal Reserve System, Janet Yellen. I believe it sets the tone for the rest of this year if not the decade.