Janet Speaks … Markets Roar

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