The Fed’s upbeat view of the economy helped Wall Street surge to new highs.Investors shrugged off the disappointing GDP growth figures and focused on the Fed. Even its decision to cut bond purchases didn’t slow the markets down since it was expected.
The Dow closed to its first record high of this year, gaining more than a quarter of a percent. Solid corporate earnings also helped boost market sentiment. So if the U.S. economy stays on this course will the Fed’s stimulus come to an end this year? CCTV’s Phillip Yin sits down with Michael Pento, President and Founder, Pento Portfolio Strategies to find out.