As we have been suggesting, the market is in no-man’s land and both sets of news items are having a very mixed impact on the stock, bond and currency markets. Nothing thus far today suggests changing our wait-and-see tactical view coupled with a very positive intermediate-term core thesis.
For those of you that would like to read the speech, you can find it on the Federal Reserve website…
https://www.federalreserve.gov/newsevents/speech/powell20190823a.htm
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