This article first appeared on GuruFocus. Oaktree Capital co-chair Howard Marks is backing Federal Reserve Chair Kevin Warsh's push for a less talkative central bank, arguing that markets have become too dependent on policy guidance. His comments carry an important implication for investors: fewer signals from the Fed could mean more volatility in bonds and rate-sensitive stocks, while forcing markets to rely more heavily on economic data rather than clues from policymakers. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Is QQQ fairly valued? Test your thesis with our free DCF calculator.
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