Market Whipsaws On Fed Hawk Talk And Omicron Fears
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TD Wealth
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Summary
- Craig: Today's volatility is a continuation of last week's selloff.
- Craig: We pulled back some of our risk based on valuation.
- Craig: Fed's comments were more balanced than hawkish on tapering.
Markets tumbled after Fed Chairman Jerome Powell signaled the Fed may accelerate the winding down of its monthly asset purchases, despite concerns about the Omicron variant. Anthony Okolie speaks with Michael Craig, Head of Asset Allocation and Derivatives, TD Asset Management, about the implications.
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