Ahead of economic data that was released — highlighting weekly initial jobless claims and GDP reports — I chatted with Reuters reporter Chuck Mikolajczak, offering insight on market direction and outlook. Given our long-term investment philosophy, I remind readers how to properly digest frequently released economic reports. “The only thing that you get sanity from is individual companies because if you are trying to make some kind of huge macro call and react, you are going to be disappointed,” I explain. “It’s important to watch the data coming through, but you don’t have to necessarily react.”
The piece also touches on uncertainty regarding the Fed beginning its tapering program, although many market participants believe the announcement will be made in March. Click here to read the full article.