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Market Commentary - Page 8

Fed Chair Janet Yellen will address interest rates Friday from the central bank’s annual meeting in Wyoming.

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Economic data has been a mixed bag all year. But things are looking better for a critical component of the profitability equation: revenue growth.

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The number of companies beating consensus estimates of 2Q revenue and profits are both above the long-term average, and these overachievers are clearing the expectations bar with plenty of room to spare.

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This laser focus on central bank policy by so many investors is a relatively recent phenomenon that appears to have grown more intense in the post-Great Recession period of near-zero interest rates.

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With a choppy global economy and nervous investors combining to produce major market mood swings, at least through the midway point, 2016 is playing out a lot like 2015.

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