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The Breakfast Briefing: Wall Street Stocks Set To Resume Rally On Fed Rate-Hike Hopes, Trump Relief
In checking the markets this morning, as I write, Asia-Pacific is mostly up with the exception being Australia and Euorpe is up across the board. In the States stocks look to be up strong and govenment bonds down. Yesterday, the only two sectors positive in the 500 Index were utilities and consumer staples.
In my writting yesterday I mentioned how vunerable I felt the markets were and compaired them much to a card game of bridge where the hand had been doubled. Seems, the President was holding a hand full of high trump cards because the markets found good favor in his speach with stocks looking to be up strong not only in the States but abroad as well. With this, I now look for a March rate increase by the fed in an attempt to cool things down.
From my perspective, the best call I heard from a strategist was from Jeffrey Saut of Raymond James and that it was somtimes best to just sit. And, that was exactly what Old_Skeet did. Look for a barometer reading report tomorrow. Although stocks look to be extended by some valuation matrix it just does not seem anything in the nearterm is going to stop the bull market run or President Trump either.
Major Asset Classes | February 2017 | Performance Review | Rising tide for risk assets CapitalSpectator.com The Russell 3000 Index climbed 3.7% in total-return terms, marking the index’s fourth straight monthly increase. In close pursuit: US real estate investment trusts (REITs), which rebounded after a flat January. The MSCI REIT Index climbed 3.5% in February, posting its second-best monthly advance since last August. http://www.capitalspectator.com/major-asset-classes-february-2017-performance-review/
Comments
In checking the markets this morning, as I write, Asia-Pacific is mostly up with the exception being Australia and Euorpe is up across the board. In the States stocks look to be up strong and govenment bonds down. Yesterday, the only two sectors positive in the 500 Index were utilities and consumer staples.
In my writting yesterday I mentioned how vunerable I felt the markets were and compaired them much to a card game of bridge where the hand had been doubled. Seems, the President was holding a hand full of high trump cards because the markets found good favor in his speach with stocks looking to be up strong not only in the States but abroad as well. With this, I now look for a March rate increase by the fed in an attempt to cool things down.
From my perspective, the best call I heard from a strategist was from Jeffrey Saut of Raymond James and that it was somtimes best to just sit. And, that was exactly what Old_Skeet did. Look for a barometer reading report tomorrow. Although stocks look to be extended by some valuation matrix it just does not seem anything in the nearterm is going to stop the bull market run or President Trump either.
http://finviz.com/futures.ashx
http://markets.wsj.com/usoverview
Earning season continues with a good number of companies reporting.
https://biz.yahoo.com/research/earncal/today.html
Have a good day ... and, most of all, I wish all "Good Investing."
The Russell 3000 Index climbed 3.7% in total-return terms, marking the index’s fourth straight monthly increase. In close pursuit: US real estate investment trusts (REITs), which rebounded after a flat January. The MSCI REIT Index climbed 3.5% in February, posting its second-best monthly advance since last August.
http://www.capitalspectator.com/major-asset-classes-february-2017-performance-review/