Episode 62 The Federal Reserve didn’t address any of the global issues but they did promise to be patient with raising interest rates and also mentioned that inflation could drop to as low as 1%.
The market likes cheap money and low energy costs so we’re back near all-time record highs on the S&P500. This was a very shallow and extremely short lived pullback, perhaps the market is changing personality and we’ll see more volatility and switchbacks in early 2015.
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