27/8/21 US Market Again quoting “Investors aren’t afraid of a | Investing with Kwa
27/8/21
US Market Again quoting “Investors aren’t afraid of adversity, what they afraid of is uncertainty.”
SP500 and NASDAQ at ALL TIME HIGH once again after the Powell assures that he sees tapering in bond purchases by year end. This means they'll print less money.
In fact, many skeptics claimed that the great bull run since last March was boosted by the huge influx of money into the economy from the fed via bond purchases, which is why there was a mini sell down a while ago in anticipating of this news.
On the bright side Printing less money=less inflation=less likely for fed to raise interest rates=good for the stock market :)
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