QVMS - The Stock Market: Radical Uncertainty

• The stock market is in a period of radical uncertainty where there are a lot of unknown-unknowns to deal with and with few good answers about what the possibilities are.
• Between the discovery of a new strain of the Covid-19 virus, the supply chain problems, and the major dislocations that exist due to excessive monetary ease, policy decisions must happen.
• One big problem troubling the investors is the absence of any real indication of where the Federal Reserve is and what it might do in the future.
• Investors and the stock market have depended on the support of the Federal Reserve for more than a decade, and there is real concern over what might happen should the Fed tighten.
• But Mr. Powell, the Fed chair, has constantly moved to err on the side of monetary ease in the past, but will he continue to do this in the current financial environment?

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