Disappointing economic data released today led investors to believe that the Federal Reserve, in its meeting next week, would not be as aggressive in tapering its stimulus. As a result, stocks rose today. “The view is that we’re recovering and continue to do it in a slow pace,” Channing Smith, at Capital Advisors Inc. in Tulsa, Oklahoma, said. “The Fed will begin to taper but will be on a magnitude of $10 billion, which shouldn’t have an impact.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: