The package-delivery giant’s cautious outlook runs counter to what Fed Chairwoman Janet Yellen said earlier this month, when she told Congress she expects the U.S. economy to keep strengthening enough for the central bank to raise interest rates “at some point this year.” The Fed’s outlook could become clearer when it releases its latest monetary policy statement on Wednesday.
It also suggests investors should take the relative weakness in UPS stock, as well as the Dow Jones Transportation Average, more seriously, as a warning that a much bigger selloff may be on the horizon for the broader market.
Duh...
The fed reserve bank is not able to predict any better than anyone else, but still they have to say something, and still people listen. Why they listen, who knows.
Im still buying cameron stock, and recently got some below $50 a share, nice. Next year I will probably figure out a way to transfer it over to sp500 emini futures.
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