Upcoming Chapter Meeting: AAII New York City
Date: Wednesday, February 5, 2014
Topic: Don’t Get Tempted by the 2013 Rally
Speaker: Vahan Janjigian, Ph.D., CFA, Chief Investment Officer, Greenwich Wealth Management LLC
Stocks did exceptionally well in 2013, and Vahan Janjigian believes we can thank the Federal Reserve for that. But that quantitative easing is coming to an end. The Fed has promised that long-term rates will remain low, but that is a promise it may not be able to keep without more easing. Furthermore, while stocks have been helped, the economy has not. This implies the rally may end.