The Feds Importance in Predicting the Markets

“Don’t fight the Fed” has become an accepted Wall Street adage. It’s a phrase coined by Martin Zweig, a legendary technical analyst, and investor who predicted the 1987 market crash to the day and was the author of the 1970 investment classic Winning On Wall Street.  Zweig wrote that “The monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market’s major direction.”

Fast forward 50 years and “Don’t fight the Fed” is very much alive. This week’s guest has been following that dictum during his 40-year investment career.  He says we are in the midst of a Fed-induced market melt-up right now.

He is Ed Yardeni, a respected Ph.D. economist, strategist, and Fed watcher who leads  Yardeni Research, a global investment strategy firm he founded in 2007. A prolific writer, publishing a detailed daily Morning Briefing and comprehensive What I am Reading list, he is also the author of a new book,  Fed Watching for Fun and Profit: A Primer for Investors.

He’ll discuss why the Fed has become even more important in predicting the markets and what its current policies mean for investors.

WEALTHTRACK #1714 originally broadcast on October 02, 2020

More info: https://wealthtrack.com/why-fed-watching…-market-behavior/

Fed Watching for Fun and Profit: A Primer for Investors: https://amzn.to/30pSlkM

Winning On Wall Street: https://amzn.to/30rYhJI