Fed Comments On Valuation Fall Flat With U.S. Fund Managers - Presented by: The Aol. On Network

Fed Chair Janet Yellen may have surprised the markets this week by noting that valuations in some parts of the U.S. stock market look stretched but mutual fund managers mostly greeted her comments with a shrug. Social media, small company and biotech stocks fell broadly Tuesday after the Federal Reserve noted that forward price to earnings multiples in those sectors appear "high relative to historical norms."

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