Powell Looking At Yields Vs Equity Market

<p>"Jerome Powell did not slap the equity markets down in his speech. I think he is looking at yields. Stock prices are a part of loosening financial conditions. The longer term yields are pricing in inflation for the longer term. Prior to that, they were pricing in a slower economy. Analysts are starting to drop their EPS and revenue estimates for next quarter at a higher rate," says Bob Iaccino. Iaccino also examines the U.S. Dollar price strength.</p>