The Week Ahead: Ready For Some Fedspeak?
Jeff Miller | May 19, 2013 12:49AM ET
Ready or not, we should expect a week dominated by an even greater focus on Fed policy. There are four reasons:
- The economic data calendar is very light;
- Earnings season has ended;
- Many will be heading for the exits early, anticipating a holiday weekend; and finally
- Bernanke testifies on the economy before the Congressional Joint Economic Committee. There will also be other Fed speeches and the minutes of the last FOMC meeting.
What should we expect?
controversial article on the flaw in David Tepper's analysis. I accept Tepper's conclusion, but I object to those who take shortcuts in economic analysis. I'll have more on this theme.
Investment Implication
I understand that most of the world is programmed for a knee-jerk response to any news about the Fed. Eventually, the actual effects – both on the economy and corporate earnings – will prove to be more important. Some think that they can anticipate and "game" the reactions of others. That might be worth trying. But shouldn't we start with a better understanding of reality?
If you get the fundamentals right, you will be a successful investor.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.