Bulletin
Investor Alert

London Markets Open in:

Market Pulse Archives

July 14, 2020, 4:25 p.m. EDT

Fed's Bullard says stock market's optimism has been proven right, at least for now

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Greg Robb

U.S. investors, who been running up equity market values, have been right, at least so far, said St. Louis Fed President James Bullard on Tuesday. "Equity markets are something we don't usually talk about at the Fed. I think they have been optimistic and they have been right, I think, up to now anyway. They were optimistic in the May-June time-frame and indeed the data came in and validated the market thinking," Bullard said. He added a big part of market capitalization is tech firms and pandemic has been a "boon" to this industry.

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.