This past Monday marks the twenty-year anniversary of former Fed chairman Alan Greenspan’s famous speech in which he used the phrase in reference to then-stretched equity valuations. In last week’s…
Tag: Federal Reserve
"Presidential Cycle" Stunted by the Fed says Grantham
The phenomenon of robust stock market gains during the third year of a president’s term—coined the “presidential cycle” by fund manager Jeremy Grantham—may have been “killed off” by the Fed,…
Potential Downsides in Ultra-Easy Monetary Policy
The Fed’s implementation of monetary easing after the financial crisis, while intended to bolster a teetering economy, is instead leading us into a Pay-the-Piper scenario, says Brian Singer, head of…
Jason Zweig on Why Interest Rates Matter
When shopping for sale items, it’s customary to look at the price tag and see how much an item has been “marked-down”. You’d rather browse the “30% off” rack than…
The Only Fed Voice that Matters – Listen to Yellen
James Grant of Grant’s Interest Rate Observer recently weighed in on Federal Monetary Policy in a Bloomberg Report video. Grant believes the Fed “conceives its principal work to be suppressing…
Paulsen: Three Possible Economic Outcomes for the Markets
Jim Paulsen, chief investment strategist at Wells Capital Management, told CNBC last week that the current situation “lends itself to a market that’s vulnerable to kind of bouncing around a…
DoubleLine's Gundlach Identifies Downward Pressures, Warns Against Fed Rate Hike
Jeffrey Gundlach, CEO of DoubleLine Capital, delivered a fairly grim assessment in a recent webcast, Financial Advisor reports. Characterizing the recent bump in stocks as a bear-market rally, Gundlach pointed…
GMO's James Montier on Fed-Induced Bubbles, Alpha, and More
James Montier of Grantham Mayo van Otterloo’s (GMO’s) Asset Allocation team spoke with Advisor Perspectives recently about interest rates, behavioral biases, and other key factors affecting markets. He said that…
Dollar Could Weaken Even As Fed Embarks on Rate Hiking Cycle
The rationale for predictions of continuing strength in the dollar are well-known but may be wrong, writes Ben Levisohn for Barron’s. Fundstrat strategist Thomas Lee looked at the last 11…
Getting Harder to Make Money, Gundlach Says
“It’s getting harder and harder to make money,” says Jeffrey Gundlach, founder of Doubleline Capital. “There are plenty of markets that are falling apart and freaking out,” he observes.…