Bill Miller, Chief Investment Officer
On this week’s podcast (recorded September 18, 2015):
What we like: Janet Yellen announced no hike to interest rates; investors had been tracking her policy decision for weeks, making it a distraction, but now some of that stress is alleviated; Yellen was decisive and clear that they wouldn’t raise rates near-term and when they do, there will be fair warning; investors can now focus on the global economy as opposed to that and Fed policy
What we don’t like: As we shift focus to the economy, economic data is currently mixed; employment, housing, and auto are good, manufacturing and production not as much; China, Europe, and Japan have patchwork economic data as well–some good, some bad.
What we’re doing about it: Focusing on growth for investors; watching for earnings reports in early October; leaning more bullish
Click here to listen to the audio recording
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.