Where is Janet Yellen?
Where is the Fed?
Have they noticed that low interest rates are no longer helpful? In fact, they are only reinforcing a slow growth mentality and starving the economy of adequate returns on capital.
If the Fed hasn’t noticed, investors didn’t like the no- interest rate increase from their last meeting.
Recently, the Fed Chairman finally came out in favor of starting the process of normalizing rates this year. This is probably two years too late, but a hopeful sign that maybe at long last they are coming. Investors applauded by buying stocks. Let’s hope that the Fed finally finds its courage and investors get back to focusing on the good fundamentals under our noses.
Stay steady, my friends.
The Lonely Bull