Thanks to today’s Federal Open Market Committee meeting, the U.S. Federal Reserve has decided to continue its current pace of stimulus tapering. Stocks rose on the news, with the Dow reaching a new closing high. “The Fed seems to be putting aside the weakness in the first quarter that the market reacted to this morning,” Walter Todd, chief investment officer at Greenwood Capital Associates LLC, said. “The statement seems business as usual, and perhaps if you’d seen the Fed react more dovish to a weaker first quarter, that would’ve been more negative.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: