Taper tantrum unlikely; expect defensive and growth stocks to do well: Mark Matthews

The specifics of tapering will likely come on the FOMC meeting on September 22. Interest rates not likely to be raised. Powell is going to be reappointed around the Labour Day weekend which is September 6. Why would he want to upset the apple cart just before he is going to get reappointed by making some announcements about tapering at Jackson Hole?

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