Inflation cooled further in June leading markets to believe Fed rates will soon follow. For the first time in a long time the Consumer Price Index fell on a monthly basis in June, declining 0.1% from May. This was welcome news for the financial markets which...
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Fed chairman Powell suggests interest rates could stay high for a longer period. The stock market, which was expecting numerous cuts this year, has not responded favorably. Up until very recently, the expectation for 2024 has been for moderating inflation and several Fed rate cuts. In...
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Key Points Stock market valuation can be looked at through different lenses, each with their own benefits and limitations. Shiller’s CAPE is a good long-term tool for gauging long-term returns; but not for short-term market timing. Traditional P/Es show less extreme valuations; but rising interest rates should be...
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