The Week Ahead: Should Investors Tune In Or Tune Out? |
|
August 28, 2016 |
August 2016 Bond Updates
|
The stock market moved sideways for most of last week with the heaviest selling on Wednesday. Finally on Friday we got Janet Yellen's long awaited comments from Jackson Hole where she said "the case for raising rates has strengthened in recent months."
This did little to change the already low expectations for a rate hike in September but then Fed Vice Chairman Stanley Fischer hinted on CNBC that a rate hike was still possible next month. The S&P futures reversed course on his comments as the futures dropped 20 points.
This increases the focus on the September 20-21 FOMC meeting which makes it more likely that it will be tough three weeks for investors and traders. It does not help that we are entering a seasonally weak period where an increase in market noise can play a larger role. So what should an investor do?
|
|
View more at: http://www.forbes.com/sites/tomaspray/2016/08/27/should-investors-tune-in-or-tune-out/
|