The Fed says it will likely start Tapering in Nov/Dec. In the past people have talked about a “Taper Tantrum.” The Data really doesn’t say long-term investors should care. Let’s look at the last tapering.
You can see in the list of events the only one that lead to a negative return was the first rate hike. The announcement of tapering, start of tapering, and end of tapering all did not result in negative market returns.
We are still a long way from the first rate hike so it seems the market doesn’t have to worry about the Fed … yet.