Will Fed tapering concerns derail the rising stock market? ‘Investors should look past it,’ says one strategist.

The stock market appears to be brushing off fears over inflation and the hawkish tilt from the Federal Reserve coming out of its recent policy meeting.

“I think investors should look past it,” said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co., in a phone interview Thursday. “The bias of the Fed is to remain easy.” “The bull-flattening of the yield curve post-Fed has made longer duration equities more attractive again,” the analysts said. “The view that inflation will be contained lowers the requirement to hold inflation hedges such as miners, energy or banks.”

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