Fed hike still a few months off, notes John Eade, President of Argus Research, as he joins the Tip TV Finance show to discuss the FOMC Minutes - US rate outlook, M&A, Chinese GDP and the stock market.
M&A good for the stock market
Starting with the global M&A, Eade notes the key developments in the industry, and adds that the current environment remains positive for US equities. He sees a probable change in the M&A industry ahead, expecting a shift from technology to healthcare, energy and some industrial companies.
US jobs: Lower trajectory ahead
On the US job market scenario, Eade believes that the great 2 year run is set to be lower going forward but not engative, and even sees chances of a layoff announcement ahead.
FOMC: No show
Eade expects the Fed to delay its rate hike program into 2016, anticipating a hike around March 2016. He adds that this will further slow the climb of the dollar, which in turn will be positive for equities.
Eade further sees the potential for a year-end rally for the US stock market. Watch the video for further insights.