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As expected the Fed increased rates a quarter of a percent. They might be reconsidering future rate increases, subject to economic forecasts ahead. The economy is firing on all cylinders, at least for now. The question is whether the economy will keep expanding into the coming year and has for nearly 40 quarters. Clearly, we could be near the end of the cycle, but when will the party end? Higher rates are certainly having an impact, how bad will it be? Now it's wait and see.
Next we looked at oil. And Ed believes it could be headed lower. The three major producers are all producing at record levels. The OPEC supply cuts haven't seemed to have much affect. Shale has survived and production has only increased. Longer term it looks like more of the same.
