Weekly Investment Perspective June 22, 2021
June 22, 2021
U.S. equities tumbled lower last week with the S&P 500 logging its worst week since February following the Federal Reserve meeting on Wednesday in which the central bank indicated plans to begin the process of reducing monetary accommodation. Easy monetary policy since the onset of the pandemic has helped push market valuations to extended levels, and the prospect of tapering that support could let some of the air out.