Today the S&P 500 had its worst day since the first trading day after the Brexit referendum.
The President of the Federal Reserve Bank of Boston Eric Rosengren warned that waiting too long to raise rates could cause the U.S. economy to overheat and risk financial stability. As someone who had previously strongly argued for low rates to combat unemployment, his apparent position shift thus carries weight. Read more about Pendulum Swings Again 09-09-16
Average Annualized Return Per Closed Trade: 19.8%
Average Return Per Closed Trade: 16.2%
Average Holding Period: 304 days
There was some excitement in the stock market today in reaction to the keynote speech by Fed Chair Janet Yellen and the speech followed by Vice Chair Stanley Fischer at the Annual Economic Symposium at Jackson Hole, Wyoming. Read more about Solid Company in Recovering Sector 08-26-16