- In Davos, questioning the wine and the art – Felix Salmon and Dan Arieli
- World market valuation heat map – Seeking Delta
- Big mac inflation versus official inflation rates – The Economist’s Daily Chart
- Super Bowl Indicator: The Secret History – Jason Zweig, WSJ
- John Paulson racks up a second epic gain – Greg Zuckerman, WSJ
AUTHOR
Mick Weinstein
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Wall Street analysts are more bearish than they have been in 15 years, according to Merrill Lynch. It’s a bullish sign — with one caveat.
The markets remain supported by strong fundamentals, such as growing earnings, sturdy consumer spending, a healthy labor market and cooperative inflation. Given the economic momentum, Fed Chair Powell indicated that the central bank is in no hurry to lower interest rates further.
Investors responded favorably to Fed Chair Powell’s much anticipated speech about rate cuts. The remaining question being how significant a rate cut might be.
Fiduciary advisers won’t suddenly have crystal balls