Bruised Wall Street faces gauntlet of worries after market tumble

, as hawkish Federal Reserve policy, rising bond yields, geopolitical uncertainty and the corporate earnings season fuel investor unease.

“More variables in any equation create greater uncertainty in terms of the outcome,” said Michael Farr, president of Farr, Miller & Washington. “We have more variables now than I can remember in my career.” Traders in eurodollar futures, which reflect the U.S. interest rate outlook for the next few years, on Friday priced in the Federal Reserve’s rate-hike cycle peaking at a higher level than previously expected, adding to worries that the scope of Fed tightening could hit U.S. growth.

Plenty of investors believe the economy – and markets – can remain resilient. Solita Marcelli, chief investment officer, Americas, at UBS Global Wealth Management, said the U.S. economy is robust enough to grow even if Fed hikes match current expectations. “Next week is the most important week of the first-quarter earnings season, and there is not a lot of confidence about results given what happened to a few big companies this week, Netflix being the most obvious example,” said Peter Tuz, president of Chase Investment Counsel.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bruised Wall Street faces gauntlet of worries after market tumbleChief among market participants’ worries is a Fed that has repeatedly ratcheted up its hawkish rhetoric as it gears up to fight the worst U.S. inflation in nearly 40 years
Source: globeandmail - 🏆 5. / 92 Read more »

Bruised Wall Street faces gauntlet of worries after market tumbleChief among market participants’ worries is a Fed that has repeatedly ratcheted up its hawkish rhetoric as it gears up to fight the worst U.S. inflation in nearly 40 years
Source: globeandmail - 🏆 5. / 92 Read more »

Asian shares fall amid interest rate, earnings worriesAsian shares declined Monday after U.S. stocks ended last week on a tumble as global markets' expectations for higher interest rates continued to set the tone. Pretty racist CTV Respected Sir SeanFraserMP Kindly start the processing of caregiverspilotprogram applications, 18869 Canadian Employers, Applicants & Family Members are suffering & waiting their result since 2019 CitImmCanada jasrajshallan OMNIpunjabi JennyKwanBC JustinTrudeau CBCNews Keep falling this great news for small people like me.
Source: CTVNews - 🏆 1. / 99 Read more »