Jack points out two things about the Fed meeting today: the first is that the Fed acknowledged that there are international risks. Meaning that acknowledge there are risks being posed by a slowdown and that it will affect the U.S. economy and currency. Second, is that there was a dissenting vote, it was not a unanimous decision. The dissent wanted to raise rates. The real path towards normalcy will take Fed to 2-3 rate hikes over the next year. Jack urges viewers to pay attention to how the market digests all this news.
Market Update: Interest Rate Velocity
As interest rates markets rise, Jack Bouroudjian looks at the effects on equities. He also looks ahead to next week…
Market Update: Earnings and the Yield Curve
Jack Bouroudjian discusses what strong earnings might suggest, and how to interpret the flattening yield curve.