The Federal Open Market Committee (FOMC) is sticking to the status quo despite sufficient support from economic data for the policy rate hike this year. On November 8, 2016, citizens of the United States will vote for the next president, and now it seems unlikely that the Fed will raise interest rate in November meeting.
In an interview with CNBC, Cleveland Fed President Loretta Mester said;
Warren Buffett has remained quiet, despite being the largest Wells Fargo (NYSE:WFC) shareholder. Why so quiet? I feel he likely doesn’t agree with WFC’s practices (or doesn’t care), but what’s he really to do? He can’t sell, and buying isn’t a sound idea – this isn’t a generational buying opportunity for WFC.
Piper Jaffray’s Erinn Murphy and James House concerns surrounding Nike (NKE) are “overblown.” They explain why:
We remain constructive on Nike shares into the company’s Q4 report (6/28) and view the 14% YTD pull back (vs. SPX of +1.3%) as an attractive entry point. Shares are now trading 21.8x FY17 and buyside sentiment remains decidedly negative.....more>>>
The odds of a Fed rate hike in September just soared after U.S. Federal Reserve Chair Janet Yellen said the argument for raising interest rates has strengthened.
Yellen made the comment Friday at the Fed’s symposium in Jackson Hole, Wyo. But she wasn’t the only Fed official who spoke. Vice Chair Stanley Fisher suggested the Fed might actually raise rates twice this year.....more>>>
In an earlier article, I had no doubts in affirming that Bank Of America (NYSE:BAC) showed a strong upside potential in the medium and long term. Even in the short term I saw good investment opportunities provided they were properly monitored. I wrote this on June 1 at a time when rate hikes were only an expectation. With the Trump administration, interest rates will likely rise quickly, which will....more>>>