Stocks have runway to rally until April before earnings pain hits

The stock market has enough runway to continue its impressive rally until April, at which point investors should be ready to feel the pain of weak corporate earnings, Virtus' Joe Terranova said this week.

That's because Jerome Powell hasn't pushed back against the market's bullishness ,Terranova said, pointing to the Fed Chair's speech at the Economic Club of Washington earlier this week, where the top central bankerThat's a change from Powell's more hawkish rhetoric in previous Fed meetings, when he repeatedly warned markets that the central bank still had more work to do in lowering inflation, with hisBut markets believe they have the end of the Fed's rate hike...

I really hope this guy gets paid per photo

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.

The Market’s Breadth Is Improving as More Stocks Join RallyBellwethers like Meta, Apple and Microsoft have broken through their long-term trend lines.
Source: WSJ - 🏆 98. / 63 Read more »

Stocks still set to be ravaged by an earnings recession: Morgan StanleyInvestors are not in a bull market and an earnings recession is still set to ravage stocks, Morgan Stanley says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asian stocks sink after US jobs data fan rate hike fearsAsian stock markets are lower after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation.
Source: KPRC2 - 🏆 80. / 68 Read more »

Stocks slip as worries about high rates weigh on Wall StreetWall Street continued to reel before markets opened after strong U.S. jobs data last week fanned fears of more interest rate hikes. wallstreet kprc2 click2houston us
Source: KPRC2 - 🏆 80. / 68 Read more »