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Conflicting Fed messages leads to uncertainty - Elle Kaplan

Tuesday, September 29, 2015 - 03:26

The Federal Reserve's goal of transparency is leading to uncertainty because their messaging is not coordinated says Elle Kaplan, CEO and Founder of Lexion Capital

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US stocks remain volatile after Monday eloped but in today's mood but at L Caplan feel like via capitol. Thanks so much for joining us L appreciate it at a pace so stocks. Positive early trading session at its reverse course. What's going on in the market. We're getting a lot of mixed messages and investors are not sure where we you know exactly how they're feeling. That they Case Shiller Index came in and it came in five the market was expecting five point one. So if the numbers aren't our and there are certainly good lead there does not as good as as we were hoping for consumer confidence came and and consumer confidence interestingly enough came in above expectations. We haven't seen enough birthdays high since January of this year so you would expect. Perhaps investors would feel very good about that. But they're still are you know a lot of fears about the same things that China and interest rates primarily. Let's sparkle and more about China yesterday it was attributed to that huge selloff that we stopped. But then this morning we got him pretty decent home price data strong consumer confidence data. What matters most to consumers' right now is it more strength of the US economy are still hurts still all about China what happen. In a I think a lot of US investors are focused primarily on the U laps and they certainly have a global outlook. There're there are some things are happening right now that I think are also leading to confusion and that's really the fat. The fact is that we're gonna be more transparent. OK so what does that mean well we have officials from the fat in new York and San Francisco. Let's say one thing we have a fed official in Chicago saying the exact opposite and we're all looking at. Yeah Allen and wondering are you going to raise rates in October. Or December of this year so this idea that they had seen more trance parent. Because they're not coordinated and messaging has led to an increase in uncertainty. What in your view. When do you expect that that to hi Corey I think they'll likely hike rates in December of this year. So are you expect me to get active volatility and says it. That it remains uncertain they have another meeting October and that December. Do you expect this volatility that we've been seen scrimmage for the past five or six weeks to continue in the market. I do you expect to continue however. We have to remember the markets are always volatile. We feel it very acutely and we don't like it when the volatility. Leads the market's downward. But they're still choppy and volatile as they climb up. So volatility at the constant. Looking ahead this Friday we get the jobs report. I'm do you think that will provide a little bit more clarity to investors on what that that may do depend you know what that number is on Friday. I think it well I I think that that will be one more little. That will let us know will they raise rates this year or are we waiting until 2016. For a hike. L Caplan thank you so much you really appreciate you think you know. I'm sure TR Brandt rain this this writer.

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Conflicting Fed messages leads to uncertainty - Elle Kaplan

Tuesday, September 29, 2015 - 03:26