Markets surged on Yellen's speech Friday morning but gave up all gains by close
September trading suspended to hold defensive cash position amid market volatility
Risk mitigation strategy prioritized as major stock indices finished week in red
Fed Chair Janet Yellen’s speech on Thursday evening led to a surge in the markets when they opened on Friday, but those gains evaporated by the close. Given that sentiment, the markets ended the week with all the major indices finishing lower. We’ll forgo the one remaining transaction in September and hold steady primarily in cash in order to mitigate market risk.
Fed Chair Janet Yellen’s speech on Thursday evening led to a surge in the markets when they opened on Friday, but those gains evaporated by the close. Given that sentiment, the markets ended the week with all the major indices finishing lower. We’ll forgo the one remaining transaction in September and hold steady primarily in cash in order to mitigate market risk.