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
Smart or Silly Markets ? …. Football …
We are just not sure what happened at the beginning of the year….
After a record breaking negative start to the year ….all is better now…?
Small Company US Stocks Storm Back
The following chart of the Russell 2000 (Small US Company Stocks) is a show of fantastic resilience….
From top to bottom, that was a 28% drop… heck lets call it a 30% correction .. most of which has been recovered…. Wonder if this steep of a drop has occurred before without a clear crisis or recession ? Hey Donald the Brain… Can you let us know ?
Things getting better … “Smart Market“… or things no different… just a “Silly Market” ? Time will tell…
Football
Ok, so truth be known, football season has already started. A collegiate upset weekend occurred last weekend and the NFL first Thursday night game was last night…
Good Luck to all… be careful when traveling near working venues…. Enjoy the games !
Talk to you next week !
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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Posted in Economy, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, World Political
Tagged Early Year Jitter, Early Year Jitters, Football Season, Russell 2000