FBC Wall Street Week May 28, 2016
Month the markets falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. Keith banks is the president of u. S. Trust bank america wealth management. Rick szelc the managing director of neuberger berman. Eight years later, is it all about the fed . All about the fed. More about earnings. We view it right now the p e multiples about 17 time, not going to expand much from here. To make a case for higher levels in the market, you have to make a case for stronger earnings. But 17 historically is a high number f...