'I don't want to fight the Fed' -wealth manager

STORY: Powell, however, warned that the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long.

As Belanger put it, "If you are buying into this [stock] market, you are fighting the Fed. The Fed is trying to slow the economy down. They need to do this to get one of their mandates back into control and so, to me, I don't want to fight the Fed."