Barry Ritholtz of FusionIQ and The Big Picture blog says that investors need to realize that, while the Federal Reserve is getting all the attention, other factors are also driving the stock market right now. “We have very low inflation, we have no upward pressure in wages, and we have earnings, corporate earnings, at record levels. … The economy continues its deleveraging process and corporations are well situated,” he tells Bloomberg. UBS Senior Economist Drew Matus also discusses why he thinks the Fed needs to inject some uncertainty into markets.
- Related Articles