Kelly on Fed Policy, U.S. Economy, Sentiment

July 23 (Bloomberg) -- David Kelly, chief market strategist for JPMorgan Funds, talks about corporate earnings, investor sentiment and Federal Reserve policy. Kelly, speaking with Betty Liu, Joshua Lipton and Dominic Chu on Bloomberg Television’s “In the Loop,” also talks about Europe’s sovereign debt crisis, the initial public offering market and the outlook for the U.S. economy. (Source: Bloomberg)

Why Earnings Should be the Focus, Not Volatility
58:01 - Since its April low, the Chicago Board Options Exchange Volatility Index -- a gauge tracking U.S. equity swings -- has climbed 25 percent through Thursday, beating similar indexes for other asset classes, Bloomberg Tradebook highlighted in a note. While still much lower than at previous peak levels, the VIX’s average this year is the highest since 2011 amid concern over global growth, the timing of Federal Reserve interest-rate increases and lackluster earnings. AllianceBernstein Portfolio Manager Mark Phelps discusses market volatility with Bloomberg's Mark Barton on "The Pulse."
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