I Am Out of Utilities, Consumer Staples

It seems the huge spike of volatility that hit the market on Sept. 9 around fears the Federal Reserve would hike interest rates a quarter point at their upcoming meeting this month was all for naught. As I have projected for some time, there was little chance that the central bank was going to raise rates and potentially disrupt the markets less than two months before the upcoming presidential election.

This is especially true given the economy continues to remain mired in the weakest post war recovery on record. Add in the negative interest rate policies being pursue by the Fed's brethren in Japan and Europe and therefore the ramifications to the dollar, the scenario that the central bank would have a series of hikes or even two quarter point hikes in the foreseeable future is folly....380 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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