How fast? How high; And for how long? That’s the framework when thinking about the Fed’s policy moves. From mine, the market are offside in terms of how high and particularly how long. What we do know is the pace will slow.
Powell: ‘A Long Way to Go’
No pause. No pivot. It’s enough to make “doves cry”. However, Fed said there will be a time when they will slow down rate hikes. But we’re not there yet… expect rates to be higher than previously expected.
More Tricks than Treats?
The market is up around 11% from its recent lows. Its rallying on the hope of a dovish Fed. My advice is tread carefully… you might get ‘tricked’ rather than ‘treated’ this Halloween. The upside does not handily outweigh the downside risks. Bear markets are known to do just that…
Does the Bullish Case Hold Water?
Markets tried hard to rally this week – but was met with strong selling. I lay out both the bullish and bearish case… where I favor lower prices with a S&P 500 target of 3200
For a full list of posts from 2017…