Yesterday afternoon, Janet Yellen, current Federal Reserve President (FOMC) gave a talk during lunch at the Economic Club of New York.
Yellen Lets the Dogs Out
In the simplest terms, she told capital markets she would be slower in moving rates higher.
Break In – Donald is doing a bit of research now that we may all find interesting … How many times and when has the FOMC raised in an presidential election year?
Back to the speech:
Guess when the transcript of the speech was released?
Here are the big boys – S&P 500
Here are the little brothers – Small Cap Stocks – Russell 2000
So near the end of such a volatile quarter, we suspect many may have been caught off guard…. Allocation and never going “All in or All out” is our friend … Once again !
Newsletter is in the works…and has a great chart talking of market levels…that may need to be updated after Janet let the dog’s out!
Have a Great Wednesday!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
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