Bob Doll, Chief Equity Strategist at Nuveen Asset Management, takes a look at what effects a monetary exit by the Federal Reserve could have on the economy, stocks and bonds.
"U.S. equities finished 0.83% higher last week,1 with a rally on Friday driven by the May employment report that was in line with expectations. The week was dominated by a continued flurry of headlines: possible Fed tapering, global monetary policy credibility, quality of the U.S. economic recovery, sensitivity to rising rates for housing and stock prices and overall investor sentiment."