Overvalued Markets, Inflation, & Fed Tapering

<p>What are some current challenges to the stock market? "There is excessive money in the financial system causing misallocation of capital in risk assets," says Phil Palumbo. Regarding inflation, he believes that the increase in food, shelter, and energy creates taxes on consumers. His best advice to stock investors is to be properly balanced in their portfolio and reduce risk to appropriate levels.</p><p><br></p>