Don't Fight The Fed - What does that mean?
With the stock market moving to new highs on an almost daily basis the last few weeks, that begs the question, why? With an economy that is still reeling from the COVID-19 pandemic, uncertainty about the upcoming election, and a severely damaged "main street" environment, what is driving the action in the stock market? We believe that one of the primary factors is the accommodative policy from the federal reserve. A phrase that is thrown around a lot is "Don't fight the Fed". The goal of this video is to explain what that means and why it actually tends to ring true a lot of the time.
Authored by: Michael McCracken CFP®, ChFC and Jeffrey Gardner, Financial Advisor The information presented above has been prepared for informational purposes only and the commentary represent the opinions of the author and are subject to change at any time due to market or economic conditions or other factors.