Australia’s central bank looks neither hawk nor dove. It seems more of a shag on a rock in a sea of interest rate cuts.
So earnings should continue to justify rational exuberance. The problem is valuation. Warren Buffett has been raising cash probably because his Buffett Ratio (measured as the S&P 500's price index to ...
At his presser on Wednesday, Powell delivered the stock market to the Promised Land, where "strength in the labor market can be maintained in a context of moderate growth and inflation moving ...
However, Fed Chair Jerome Powell is forcing us to change them now, to 50/30/20. In his August 23 Jackson Hole speech, he signaled that he was pivoting from an inflation hawk to an employment dove.