Just finished my biweekly look at market valuations and key market indicators. As has been the case of late, I find fewer sectors offering attractive value than I did in early 2013. Of the 27 proxies I track—which cover everything from U.S. home builders to emerging market stocks—I’ve highlighted 10 green, 7 red and 10 […]

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I promised you a market-oriented commentary on this week’s Fed symposium in Jackson Hole, Wyoming, but as I gather my thoughts it occurs to me that there’s not much of a market story to tell here. Or, I should say, nothing surprised me. Janet Yellen did her best to help the world understand that she’s […]

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The U.S. labor market was the theme for this year’s Kansas City Fed’s Jackson Hole symposium. As I read Janet Yellen’s speech, and listened to an interview with Philadelphia Fed president Charles Plosser I found myself mystified by the supposed mystery over the presently high level of part-time employment. Although, I suspect it’s more a […]

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Today wraps up the Kansas City Fed’s annual Jackson Hole, Wyoming conference. This had been the venue (two of the past three years) for the announcing of two rounds of quantitative easing (printing money and buying bonds and mortgage securities—the proceeds of which remain in bank excess reserve accounts at the Fed earning .25%). This year, as […]

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The gists from four panelists on CNBC this afternoon: 1. “It’s all about the Fed. There’s no wage growth to support any optimism that the U.S. consumer will become a major economic force anytime soon.” 2. “Price to earnings ratios will expand to 20 (up 20% from here) and stay there for a long time going […]

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EJ Dionne quoting Elizabeth Warren in his May 18 Washington Post Column (HT William Anderson): “There is nobody in this country who got rich on his own,” she said. “Nobody. You built a factory out there? Good for you. But I want to be clear: You moved your goods to market on the roads the […]

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