Markets fall but valuations “very attractive, economy doing well”

Markets fell on Thursday.

The S&P 500 fell 0.4 percent, the STOXX Europe 600 fell 0.2 percent and the Nikkei 225 fell 0.1 percent.

Treasury yields fell after President Donald Trump said he disagreed with Fed policy on interest rates and objected to a strong dollar.

“Equity benchmarks are reacting to some disappointing earnings releases today, but we should note that overall moves are modest,” said Matthew Forester, chief investment officer at BNY Mellon’s Lockwood Advisors.

Meanwhile, Wayne Kaufman, chief market analyst at Phoenix Financial Services, said that valuations are “very attractive, and the economy is doing well”, noting that US initial jobless claims fell by 8,000 last week, falling to their lowest since late 1969.