Michael Lee's Takeaways From Fed Meeting

According to Michael Lee, the economy is getting better and more monetary stimulus form the Fed is on the horizon. He sees signs of inflation near-term but does not expect it will be long lasting. Money supply has increased 25% year over year, but the velocity of M2 has decreased by the same amount which suggests inflationary pressures are muted. Michael also expects the market to continue higher because potential top line growth and earnings estimates are still quite low.