The Daily Dose: The Fed and Fundamentals

By

Brian Sozzi

 | Jul 16, 2014 | 10:00 AM EDT
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Listen, Fed Chair Janet Yellen's actual comment on equity valuations in certain high-flying markets was that they are "substantially stretched," not simply "stretched." Let's get that correct. It's a meaningful aspect to the Bernanke-summer-of-2013-type comments from Yellen.

Essentially, she told anyone who wants to listen that careful attention needs to be placed on the top- and bottom-line performances of companies, as the Fed is nearing the end of its extraordinary accommodation. At least that's how I read her remarks, before I went back to the Excel modeling drawing board to fine-tune a couple of free-cash-flow estimates on the basis of her hawkish moment in the sun....527 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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