How Will the Fed Tapering of Asset Purchases Impact the Market?

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Over the last week, the market’s advance has continued with the S&P 500 up by nearly 2%. Even more impressive is the Russell 2000’s more than 4% gain.

This small-cap outperformance is not too surprising given that Congress seems to be getting closer to an agreement on a final infrastructure and reconciliation package that should come in around $3 trillion.

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