Articles By Tom Sowanick

U.S. Federal Reserve Chairman Ben Bernanke

From Politics & Policy Apr 30

Weaker Economic Data May Bring QE3 Closer

The one constant that we can rely on is the willingness of the Federal Reserve to act promptly if the data were to become unambiguously negative

Men looking for labor jobs stand along a street in Brooklyn, New York

From Politics & Policy Apr 12

The March Employment Data Thud

The Fed is also well aware that employment had peaked in each of the past two springs before resuming growth late in the year.

Ben Bernanke

From Politics & Policy Mar 30

Bernanke Hints Of Possible QE3

The mention of “continued accommodative policies” hints at a possible another round of quantitative easing (QE3), should the monthly employment data begin to soften.

Traders on the floor of the New York Stock Exchange

From Politics & Policy Mar 22

Rising Treasury Yields: A Bit Of History May Calm Some Nerves

A rise in Treasury yields would also indicate that the market is beginning to price in an inevitable tightening of monetary policy by the Federal Reserve by raising interest rates.

Traders work on the floor of the New York Stock Exchange

From Politics & Policy Mar 19

Now The Problem Is Corporate Profits!

The conclusion is that the equity market is cheap relative to earnings. Hence, the market is priced to absorb a potential softening in earnings rather than being priced to perfection.

Chinese President Hu meets European Council President Van Rompuy and European Commission President Barroso in Beijing

From Politics & Policy Mar 12

China May Ease Rates Before The Fed’s Next Move

It is our view that a rate cut from China could prove to be the next catalyst to push equity markets higher.

Traders work on the floor of the New York Stock Exchange

From Politics & Policy Mar 06

Green Shoots of Optimism Are Growing

There continue to be multiple signs that the U.S. economy is expanding at a solid clip.

Traders work on floor of New York Stock Exchange

From Politics & Policy Feb 28

Market Exuberance? What Market Exuberance?

The market is cheap on a historical basis and therefore remains under-owned

Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

From Politics & Policy Feb 17

Stock Markets: Risk Assets Grow in Demand on Improved Fundamentals

The market capitalization of U.S. equity markets has increased by $3 trillion since last October.

Ben Bernanke, Federal Reserve Bank Chairman

From Politics & Policy Jan 26

The Investment Implications of the Fed’s Zero Interest Rate Policy (ZIRP)

Ben Bernanke has been quiet clear that he will try to maintain the Zero Interest Rate Policy (ZIRP) through 2014, tantamount to yet another form of Fed-concocted fiscal stimulus.