When Janet Yellen delivered her semi-annual Humphrey-Hawkins speech earlier this week, she did something rarely done by a Fed chair. She made very specific stock market sector investment recommendations.
Yellen trail blazing at the fed
Yellen has blazed her own unique trail at the Fed – sounding an oddly populist tone for a private institution that is owned by large banks. This includes her recently bold statements that both social media stocks are overheated and biotechnology stocks are “stretched.”
It was hitting the biotech that is currently finding reverb. Her call that biotechnology valuations are “stretched,...
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