The End Is Near — But That Is Good news

Highlights:

What market participants hear from the Fed last week – that it is ready to soon end the bond-buying program – overwhelmed what the Fed said about how it plans to continue to expand its purchase at a slower pace.

It appears the stock market started to move to price in the start of tightening rather than the potential end of stimulus.

The knee-jerk reaction of selling across all markets – stocks, bonds, and commodities – may not persist for long and could create opportunities to buy the dip.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

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