Long the admirer of Richard Fisher, FORMER (retired this month) Dallas Federal Reserve Chairman and noted Hawk (believes rates should rise) …. Regularly speaks his mind, especially after he is no longer bound by the constraints of his employment.
It’s seven minutes, so if you do not have time, here is the gist, which we strongly agree:
- Investors are too dependent on the FOMC … Low rates !
- The Capital market are priced to perfection and could be do for a strong pullback
- The US is doing good and progressing…albeit slowly
Just as consumer confidence is soaring … more on this later … overconfidence may occur with market participants … not us of course!
Have a Great safe day !
John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225