KWM - Biases Of Investing & FOMC - August 2nd, 2024
3 More Unconscious biases that drive your Investment Decisions – by Symetra
The remaining three biases covered by Symetra include some of my favorite. Herd Behavior causes a lot of volatility in the market, and is responsible for prices being extreme to the upside and the downside. Review the other two and let me know if you have any questions.
FOMC Meeting – July 31st
Wednesday afternoon Jerome Powell finished the July FOMC meeting. The federal reserve held the fed funds rate steady, but the probability of a rate cut in September is now 100%, and the chance of a cut in November 75%, and an additional cut in December currently 74%. Below is our economists Eugenio Aleman’s comments.
Three on Thursday – First Trust – Employment Update.
First Trust released a piece reviewing the employment landscape of the United States. This piece had some good updates for us and below is the one I found most significant.
Information was developed by First Trust, an independent third party. The opinions of Brian S. Wesbury, Robert Stein and Strider Elass are independent from and not necessarily those of RJFS or Raymond James.