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Dec 07 2016

Policymakers’ Shell Game

  • Dec 7, 2016

We considered the launch of the QE tapering program in January 2014 as the formal onset of the Fed’s tightening campaign, and that view seemed to be on the mark when High Yield bonds, and then stocks,  unraveled over the next couple of years—although the final losses in the DJIA and  S&P 500 fell short of what we expected.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager