Equities gain, U.S. dollar falls; Fed seen less eager to taper

August 23, 2021

Running Point and its chief investment officer were quoted by Reuters regarding investment market movements and expectations.

“It’s a whole combination of factors, the big one being the FDA approval of the vaccine. A lot of people are taking it as good news and then the Fed may not be as keen on tapering as suspected,” said Michael Ashley Schulman, chief investment officer at Running Point Capital.

Link: https://www.reuters.com/business/global-markets-wrapup-3-pix-2021-08-23/

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