As business media spends the day hyping up the magic expected from today’s 2pm announcement from Fed ‘oracle’ Janet Yellen, investors would be wise to keep some math and reality about us. The finance machine continues to gorge on taxpayer purchased donuts and leave the public holding the holes. This segment with Better Markets President Dennis Kelleher does an excellent job of refocusing attention on to salient issues, see my previous post: Better Markets President on finance parasites.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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