This week’s Sentiment Survey special question asked AAII members what they thought about last week’s decision to begin unwinding the Federal Reserve’s balance sheet. Two-thirds of respondents (67%) either approved of the decision, described it as being expected or view the action as being overdue. Most of the other respondents either did not expect the decision to have an effect or weren’t sure what the impact will be.
Here is a sampling of the responses:
- “It was going to happen. Hopefully, it will be done slowly and won’t shock the market.”
- “It’s overdue. Kudos for the gradual nature of the unwinding.”
- “I don’t think it will have much effect.”
- “It’s a good decision. I agree with it.”
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