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Jeffrey Saut: The call for this week

* September 19, 2016

To discuss the current state of various markets, my friend Rich Bernstein (ex-investment strategist at Merrill Lynch and now eponymous captain of Richard Bernstein Advisors) and I will conduct a joint conference call tomorrow (Tuesday 9-20-16) at 4:00 p.m. The dial in number is [phone] with the password Eaton Vance. Tactically speaking, this week the Fed and the BOJ (Japan) will provide their latest views on monetary policy. We think both will be a non-event. And then there was this from BlackRock’s Rob Kapito, “Stocks globally could continue to rise as interest rates remain low as investors who have stockpiled some $70 trillion in cash seek higher returns from the market. People are tired of earning zero," Kapito said at the Barclays Global Financial Services Conference in New York, “There's more cash in the system than ever before.” And don’t look now but tech has broken out to the upside in the charts (chart 3). Be optimistic my friends . . .

http://www.raymondjames.com/inv_strat.htm

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