World Markets Stock Consideration Report – USA- 2019 September – revised

If the Fed has lost control of interest rates and the market is destined to spiral in, you could not tell it by market expectations that are reflected in a stocks position to fair value. Right now, the market is well within fair value.

World Market Fair Value Report – USA – 2019 September

The American market is positioned nicely within Total market fair value at 104.9% Fv indicating higher expectations from the market with an increase of 2.2 points. Only one sub-sector has reached a Cautionary level in valuation and it is Large Cap Consumer Discretionary

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Jerome Powell in Zurich – Coffee House

Coffee houses in both the UK and USA historically are
meeting places, obviously for coffee, but also to
discuss the issues of the day normally with a business
emphasis. This tradition is still active today. The ISN
Coffee House occasional musings are in a similar vein
discussing issues of the day.

This past week FED Chairman Jerome Powell, spoke at
the Zurich University. I ( Bruce Albrecht ) attended
with many others. One does not go to these events
expecting to learn some new revelation although it is
good to have some things confirmed and one never
knows what questions might be asked from the
audience.

World Markets Stock Consideration Report – USA – 2019 September – Revised

Two weeks ago, the media was overwhelmed with predictions of a “guaranteed” recession and market collapse. The reason? Bond yield curve inversion took first place, but the discussion was a bit hazy about when. Some said any day now; others said, within 18 months, or so. There may be a correction, eventually, but let’s look at the statistics.

World Markets Stock Consideration Report – USA – 2019 September

The U.S. market has moved nearly 1,000 points in a single day and valuations have hardly budged, but Considerations have moved solidly to the BUY/BUY WATCH side.

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