US Treas Sec Yellen speaking on stocks now – valuation very high, need to be careful

US Treasury Secretary Yellen says in the current low-interest rate environment valuations are very high

  • Need to be careful in some sectors
  • increased prevalence of zero commission trading has spurred retail investors to get more involved in the market
  • SEC will prepare a report on trading volatility, need to see if trading practices are consistent with investor protection
  • Biden admin in process of evaluating approach toward China
  • we have an opportunity to work with allies and address China’s unfair practices
  • is looking at if tariffs work
  • expects China to adhere to commitments made on trade
  • US tariffs in place on China’s goods will remain for now, evaluating what is appropriate going forward