REUTERS: Equities gain, US dollar falls; Fed less eager taper

August 23, 2021

What is happening in the global investment markets? Running Point and its chief investment officer, Michael Ashley Schulman, CFA, were quoted by Reuters in a Global Markets article—by Chibuike Oguh, “Equities gain, U.S. dollar falls; Fed seen less eager to taper”—regarding investment market movements and expectations.

Below is the excerpted quote:

“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.

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