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Files tagged 'Oppenheimer'

captainccs / Oppenheimer Market Strategy Oct 16, 2006 / May 17, 2017

Wall Street Upstages Pamploma
Market Overview.

The stampede of the bulls into equities continued last week. Augmenting their allure as the asset class uniquely possessing upward momentum, equities enjoyed a boost from a broadening consensus – led by spokesmen from the Federal Reserve Board and from its former chairman – that the slowdown in housing does not constitute a threat to the economy. Indeed, it is considered salutary in that it will bring growth back to a sustainable pace. Indeed, the Fed’s maunderings stressed that participants should not become complacent that the current pause would be followed by a rate cut, and emphasized that all options were open in case the economy reaccelerated enough to exacerbate inflationary pressures. Needless to say, the view here is that it is premature to dismiss the housing issue as a non-event.

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