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Strategy Video:  Are the Markets Heading Towards the Next Taper Tantrum?

Strategy Video: Are the Markets Heading Towards the Next Taper Tantrum?

2015-04-22 00:05:00
John Kicklighter, Chief Strategist
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Talking Points:

• In May 2013, the market suffered what was dubbed the 'Taper Tantrum' as Bernanke warned QE would slow

• The impact to the S&P 500, USDollar, Emerging Markets and others played out differently

• What do past Fed moves in the QE saga tell us about the more tangible tightening steps still ahead?

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

When the Fed made its first significant step into its now infamous QE program, the market impact was huge. From equities to the Dollar to emerging markets, support from the world's largest central bank was met by major trends that played out over months. From that first move, further expansion of monetary policy met an increasingly desensitized investor...that is until the so-called 'Taper Tantrum'. When it was clear the build up in stimulus was nearing its peak, volatility swelled universally once again. And, similar to the acclimatization in the QE build up, the market response to the 'plateau' in support quickly evened out once again. Is the next phase for the actual tightening phase going to be more or less severe that the previous legs? What areas of the market stand to see the biggest adjustments? What can we learn from previous stages? We discuss this in today's Strategy Video.

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