Friday's relief rally came as traders bet that the Federal Reserve will be less aggressive at its upcoming meeting. Thereported Sunday that the central bank is on track to lift interest rates by 75 basis points at its meeting later this month.
Still, it was the second negative week in the last three for all the major averages. Recession fears have been front and center in recent weeks as market participants worry that aggressive action from the Fed — in an effort to tame decades-high inflation — will ultimately tip the economy into a recession.
"Markets are likely to remain volatile in the coming months and trade based on hopes and fears about economic growth and inflation," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a recent note to clients.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The stock market's next big rally might just be a bear in bull's clothing“Powerful rallies are not a reliable signal of whether a new bull market has begun,” columnist Mark Hulbert writes after counting the average number of rallies that have occurred from new bear market lows since 1900. Or…..stay well read and connected. No one has said the bear market is finished/non-existent…once all signals are green, then jump back in 🤷♂️
Source: MarketWatch - 🏆 3. / 97 Read more »
Many Investors Are Fleeing the Stock Market, but Some Are Doubling Down: ‘If I Lose $15,000, I’m Not Going to Die’For some amateur investors, a plunging market is a chance to buy shares on the cheap. Many of these risk-tolerant investors have something in common: They don’t need the money soon. Primera ley del inversiónista... Si salió en la prensa es tarde!! Buy low / sell high - important
Source: WSJ - 🏆 98. / 63 Read more »
Nancy Pelosi's husband buys over $1 million of computer chip stock weeks before vote on industry subsidiesHouse Speaker Rep. Nancy Pelosi's husband, Paul Pelosi, made a purchase between $1 million and $5 million of stock in a semiconductor company. leandroruschel One wonders how many others took advantage of the same opportunity Term limits.
Source: FoxBusiness - 🏆 458. / 53 Read more »