Interest Rates: Brad Mcmillan and Analysts Investors

interest rates: But the market's initial reaction could give way to healthy returns in the coming weeks, as investors focus more on the Fed's confidence in the health of the U.S. economy in the context of historically low interest rates that make equities a relatively attractive bet, analysts and investors tell Market Watch, according to Market Watch. The selloff in the final hours of trade Wednesday was a bit bigger than I anticipated, said Brad McMillan, chief investment officer for Commonwealth Financial Network, in an interview. The Dow Jones Industrial Average DJIA, -1.05% S&P 500 index SPX, -0.90% and the Nasdaq Composite index COMP, -0.79% all closed down more than 1.1%, after trading flat for most of the day. I think this is going to be fairly short term, he added. Yousef Abbasi, director of U.S. institutional equities and global market strategist at INTL FCStone, told Market Watch that the decision could give you more volatility in the coming days, but as we settle into August you'll see equities start to perk again. We're seeing a gut reaction as investors recalibrate their expectations for future rate cuts, but when you get back to the fundamentals, a healthy economy with a bit of stimulus is not the worst thing in the world. (news.financializer.com). As reported in the news.