Yellen Capital Partners LP

A rather interesting comment from the Federal Reserve chair Janet Yellen during today’s Senate testimony re: the stock market (via WSJ’s Jon Hilsenrath):

The Federal Reserve’s focus on financial stability puts it in the unusual position of declaring where officials see asset valuations stretched and where it sees assets reasonably priced. The Fed’s semiannual report to Congress isn’t meant to be an investment guide, but it does include these tidbits:

The Fed says house prices are within historic norms, as measured by price-to-rent ratios. However stock market valuations for small firms, social media and biotechnology firms “appear to be stretched.” Meantime risk spreads on corporate bonds have reached all-time lows, a sign of over-valuation.

I like the idea of having a Fed Chair who goes industry-deep – not just broad sector exposure like Greenspan – when constructing portfolios. Curious about where she stands on Smart Beta, whether or not the small / value anomalies can persist and how she’s playing the taper.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Chris commented on Dec 06


    tnx for info!

  2. Alberto commented on Dec 10



  3. Gerald commented on Dec 10


    ñïñ çà èíôó!!

  4. Terry commented on Dec 18


    ñïñ çà èíôó.

  5. Arnold commented on Dec 18


    ñýíêñ çà èíôó!!

  6. Rex commented on Dec 21



  7. Franklin commented on Dec 21


    ñýíêñ çà èíôó!

  8. gabriel commented on Feb 01


    ñïñ çà èíôó!

  9. Eat Verts commented on Sep 22

    … [Trackback]

    […] Information to that Topic: […]

  10. quick service commented on Nov 27

    … [Trackback]

    […] There you will find 2121 additional Info to that Topic: […]

  11. bmo login online commented on Dec 05

    … [Trackback]

    […] Find More Info here to that Topic: […]

  12. online banking rbc commented on Dec 06

    … [Trackback]

    […] Find More on that Topic: […]

  13. 사설토토 commented on Dec 13

    … [Trackback]

    […] Read More to that Topic: […]