Markets are robust, FOMC unlikely to spoil party

The Week Ending Friday March 16th 2018 A quiet week of consolidation in most markets. Equities drifted off but have done well to move back to the February highs. More growth would need unexpectedly good earnings news – and the market is already pricing in good news following strong 2017Q4 and strong guidance for 2018. The “whisper season” is now on in earnest as companies steer analysts to numbers for 2018Q1 that they think they can then beat, but even here the trend is for higher whisper estimates as opposed to the usual lower figures. US equities are doing well….

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