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Trading in a No-Fundamentals Market

Released on Wednesday, July 28, 2021TRADING
Since the great financial crisis, but especially since the Federal Reserve's massive response to Covid-19 in March of 2020, the US stock market has become increasingly detached from "fundamentals." Most categories of stocks are being traded rather than invested in. Hanging over the entire market is the specter of the Fed's extreme liquidity policies. How should investors approach an environment like this?

Ted Bauman
The Bauman Letter, Editor

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