Mega-cap growth stocks came under pressure earlier this week after comments from Fed policymakers and minutes from the central bank’s March meeting suggested a rapid removal of stimulus measures put in place during the pandemic.
“My biggest concern is, with the Federal Reserve be so aggressive, so as to slow that economic growth up until the point of a recession. I don’t think we’re there yet, but it’s certainly something to look out for.” said Kevin Mahn, president and chief investment officer at Hennion & Walsh Asset Management.
US companies will start reporting first-quarter results in the coming weeks, with banks set to kick off the season in earnest next week.
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