The Great No Taper Caper

The Fed’s decision to do nothing puts a floor
under bond prices and indicates the bond
market sell-off may be over.
A sustained, longer-term rally seems unlikely
at this point since the Fed still seems poised
to remove bond accommodation and a
range-bound environment is likely to result
until further clues about the Fed’s next move
become apparent.
Economic data will likely hold the solution to
the Taper Caper.

Jason A. Jennings, CFP®
Managing Partner
6 W. 2nd St.
Frederick, MD 21701
240.215.4709 office
240.439.4475 fax
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The CERTIFIED FINANCIAL PLANNER™, CFP® are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”).