March 23, 2015 - HEADLINES SUMMARY: Stock’s soared nearly 3% last week as investors applauded the Federal Reserve’s outlook for lower future interest rates relative to their previous projections. This is, in part, an acknowledgement on the Fed’s part that the dollar’s rapid rise is the equivalent of higher interest rates (reduces growth through lower exports and puts downward pressure on inflation through cheaper imports). IMF and Fed studies show recent dollar strength is the equivalent of at least a 1% rise in rates. This lower interest rate outlook should support low bond yields and high quality dividend paying stocks. Health Care remains a well-positioned defensive sector with growth and dividend yield. Click here for the full Weekly Bulletin.
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