Right Said Fed: Are Stocks Too Sexy?

The U.S. Federal Reserve got the market all frothed up on Wednesday following their latest Open Market Committee meeting. With stocks as measured by the S&P 500 Index having now risen by nearly +12% since their late September lows, the Fed seized on the opportunity to thrust the idea of an interest rate hike in December back on the table. After stumbling lower for the first 30 minutes after the Fed revelation, stocks exploded to the upside for the last hour and a half of trading to close on the highs of the day. Following such a resounding response to the latest Fed statement, are stocks now off to the races to the upside, or will investors still get the chance to see better entry points down the road from here?

Please click on the link to read more of my article on Seeking Alpha.

Published by Eric Parnell

Registered Investment Advisor

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