In the Federal Open Market Committee’s June meeting, the Fed decided that it would likely look to end its asset purchasing program (known as quantitative easing, or QE) with a $15 billion reduction in monthly purchases in October, according to the meeting minutes released on Wednesday. The markets took the news in stride, and stocks actually closed higher on the day.
But Peter Boockvar, chief market analyst at The Lindsey Group, told CNBC’s “Futures Now” that equity investors are making a huge mistake. Here is a direct video link.
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