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How Will the Fed Tapering of Asset Purchases Impact the Market? -Breaking

by Mike Robinson

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© Reuters. How will the Fed Tapering of Asset Buys Affect the Market

Yesterday the Fed decided that tapering its asset purchases would begin. The Fed had been hinting at it for several months, so this was quite anticlimactic. The economy is much stronger than when the policies were implemented. Just look at the S&P 500 (SPY) at all-time highs, real estate prices at new highs in many places, consumption at new highs, and business investment at new, post-pandemic levels. In today’s commentary, I want to discuss the Fed’s decision and what this tells us about the current cycle. Read on below to find out more….Enjoy this version of my weekly comment published on November 4, 2021, from the POWR stocks under $10 newsletter.

Over the last week, the market’s advance has continued with the S&P 500 up by nearly 2%. Even more impressive is the Russell 2000’s more than 4% gain.

It is no surprise that small-cap performance has been so strong, given the fact that Congress appears to be closer to an agreement for a final reconciliation and infrastructure package of around $3 trillion.

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