Futures Curve: Analysts Investors and Boll Doll

futures curve: But investors may be set up for disappointment when the decision is issued on July 31, given already high equity valuations, unrealistic expectations for future monetary stimulus, and the Fed's recent record of sometimes confusing communications, analysts and investors tell Market Watch, according to Market Watch. The futures curve says the Fed is going to lower rates two to three times this year, but if we end up with three cuts, that means the economy is worse than expected, said Boll Doll, chief equity strategist and senior portfolio manager at Nuveen. Indeed, hopes for monetary stimulus has helped the S&P 500 index SPX, 0.74% and the Nasdaq Composite COMP, 1.11% close at record highs Wednesday, while the Dow Jones Industrial Average DJIA, 0.19% reached a new closing high on July 15. Either the economy and earnings are okay, and the Fed doesn't have to go three times, or they do go three times, but that means the economy and earnings will be worse than expected. I think the Fed could be a source of chopiness and frustration when the thinking goes from three cuts to maybe they won't cut a second time, he said. I view the cut next week as really a reversal of the December hike, which they wish they had not done, Doll said, predicting that after next week, the Fed will move based on economic data which could very well come in strong enough to not warrant any further easing in 2019. (news.financializer.com). As reported in the news.