Fed Does Not Manage Money

Below is a synopsis of this investment report:

  • Stocks fell sharply last week after Federal Reserve Chair Janet Yellen and her fellow policymakers raised concerns about “substantially stretched valuations” in some sectors.
  • Small cap stocks in the social media and biotech sectors were hit the hardest as some lost over 20% of their value within minutes of the Fed’s comments made public.
  • Given the Fed’s abysmal track record on equity forecasting, we strongly urge investors to ignore all equity market commentary from them and focus more on the fundamentals of our economy.


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