Fed Minutes, Warren Buffett’s Annual Letter Top the Week’s News

David O'Malley

By David O'Malley | February 20, 2018

After a few volatile weeks for the markets, I expect a return to a more normal rhythm over the weeks ahead. The factors impacting both stocks and bonds are firmly in place and should drive market performance in the next few months. My expectation is for stocks to rise and bond yields to increase.

This week, the Federal Reserve (Fed) releases the minutes from Janet Yellen’s last meeting as Fed Chair in January. I expect the minutes to reinforce the continued strength in the economy and set the stage for a Fed rate increase at the March meeting. Look for any surprise language around the inflation outlook and rising deficits.

In addition, we can expect one of the must reads of the year this weekend. Warren Buffett’s annual letter – as part of Berkshire Hathaway’s annual report – is expected this Saturday and will make for some good weekend reading.

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This blog post is for informational use only. The views expressed are those of the author, Dave O’Malley, and do not necessarily reflect the views of Penn Mutual Asset Management. This material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Any statements about financial and company performance of The Penn Mutual Life Insurance Company or its insurance subsidiaries (each, “Client”) made by the author is provided with a written consent from the Client.  Penn Mutual Asset Management is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.


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