U.S. GDP and Fed speculation drives volatility
In this week’s episode:
- Release of the U.S. GDP number and speculation on the latest statement by the Fed
- Volatility in Asia, particularly the Japanese market
- Impact of political turmoil in Greece after the Syriza party’s election victory
On Market Week in Review, Chief Investment Strategist Erik Ristuben discusses the release of a positive, but lower than expected, U.S. GDP (gross domestic product) number and the continuing speculation caused this week by the U.S. Federal Reserve’s statement regarding the timing of possible interest rate hikes.
Ristuben also discusses global market volatility, particularly in Asia, where the Japanese market experienced its largest drop in two weeks on Thursday. While he comments on Japan’s struggle with the 2014 consumption tax increase in Japan, he believes stocks there will continue to improve through 2015. Ristuben concludes this week’s episode by reviewing the political impact on the markets and what investors should watch for since the national election in Greece and this week which propelled the far-left Syriza party to victory. Communications Specialist Blair Lowman hosts.