Excerpt from the Financial Times quoting DataTrek co-founder Nick Colas:
…. “While we’re at little risk of overtightening just now, the policy miscommunication issue is very much on the table,” said Nicholas Colas, the co-founder of DataTrek.
Colas noted that US stocks did well even in the aftermath of the 2013 taper tantrum, when the Federal Reserve chair prompted market volatility by saying the central bank would at some point curtail its bond-buying programme.
But Colas added: “While the 2013 taper tantrum period was fine for stocks, we can’t entirely discount the possibility that this time could be different”….
Read the full article here on the Financial Times!