Bill Miller, Chief Investment Officer
On this week’s podcast (recorded December 17, 2015), Bill recaps the Fed’s official decision to raise interest rates:
What we like: It’s finally over! After months and months of conversation and debate, investors can breathe a sigh of relief and now move forward; Yellen was reassuring in describing the stability of the economy and it’s resilience to the increased interest rates
What we don’t like: Notable industry thinkers are questioning the decision and timing of the rate hike; they question the overall resiliency Yellen seems so confident in
What we’re doing about it: Paying close attention to economic data released over the next quarter; interpreting how well the economy is growing and how much financial stress may be present; if commodities and manufacturing remain weak, than perhaps the Fed raised rates too soon
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. Brinker Capital, Inc., a Registered Investment Advisor.