Still, quantitative easing is an effective tool, and the macroeconomic situation warrants it, Dueker said.
FORBES: History Says Buy Stocks Ahead Of Bernanke's Jackson Hole Speech
Over the last three years markets have experienced an intense second quarter breakdown, explained Dueker.
With an economy barely growing (second quarter real GDP slowed to 1.7%) and inflation expectations firmly anchored, QE is warranted, Dueker believes.
Markets rallied last week when the latest set of FOMC Minute suggested the Fed had the finger on the trigger, as Dueker put it.
Looking back at the numbers, Dueker notes that context is key to understanding why markets performed so well in the aftermath of the last two Jackson Hole speeches.
应用推荐
模块上移
模块下移
不移动