"We may have a little fatigue over Yellen's comments over two days. I'm not sure we got that much new insight," said Hank Herrmann, chief executive officer of Waddell & Reed Financial Inc in Overland Park, Kansas, which has $125 billion in assets under management.
The Fed minutes don't shift the case for investing in stocks, said Hank Herrmann, chairman and chief executive ofWaddell & Reed, which manages about $135 billion in assets. "There's no such thing as a perfect environment, but lowinflation, low interest rates and strong economic activity usuall
Date: Jan 07, 2015
Category: Business
Source: Google
S&P 500 Beating World Means It's Time to Go Global
The lack of market breadth reflects a shortage of growth worldwide and the turmoil in Russia and oil highlights the fragility of the financial market, said Hank Herrmann, the Overland Park, Kansas-based chief executive officer of Waddell & Reed Investment Management Co.
Hank Herrmann, chief executive of Waddell & Reed, said he doesn't expect major changes in the Fed statement. "Atthe moment, [the Fed isn't] likely to stir the pot in any material way," he said. "The Fed is very sensitive to doing orsaying anything that will disrupt the equity market."
Date: Oct 29, 2014
Category: Business
Source: Google
S&P 500 Falls as Investors Weigh Earnings, Fed Stimulus
What youre seeing is revenues are coming in pretty lackluster and profits seem to be doing a little better than gains in sales, Hank Herrmann, Overland Park, Kansas-based chief executive officer of Waddell & Reed Investment Management Co., said by phone. His firm manages $104 billion. The ma
Date: Jul 23, 2013
Source: Google
US Stocks Sink on Volatile Day as Stimulus Worries Abound
..There's lots of confusion around the world," said Hank Herrmann, chief executive officer of Waddell & Reed Financial. Mr. Herrmann said he expected the volatility to persist ahead of a regularly scheduled Fed meeting and press conference slated for next week, as well as parliamentary elections
"The numbers weren't terrible, but also not terribly inspiring," Hank Herrmann, chief executive of Waddell & Reed Financial in Overland Park, Kansas, told Reuters. "I wanted to see more credit growth as confirmation that the economy is doing better and that didn't show up."
"We're due for choppiness, given the run we've had, especially since the strong data we've seen recently looks increasingly misleading," said Hank Herrmann, chief executive of Waddell & Reed Financial.