Stock market has not hit bottom yet, expert says

Former Chairman of the council of economic advisors Kevin Hassett discusses the tech-led selloff, the chances of a recession and the Fed's delayed response to inflation., which is the most recognized tool to trade financial market volatility, needs to hit "the 40s before we can capitulate."

Traders often refer to the VIX as the so-called "fear gauge" because it rises when fear is prevalent in financial markets.US COMPANIES ADDED 247,000 JOBS IN APRIL, SHARPLY MISSING EXPECTATIONS: ADP When asked why he believes markets have not hit the bottom yet, Ghabour said one reason is because "the mega-cap tech stocks still have not taken the beating that I believe they should."

Mega-cap stocks are those of companies with market values well above the rest of the market, with valuations totaling over $200 billion, such as Apple and Amazon.

commonsensebull Hope it plunges into an abyss. An economy powered by printed $$$ and 0% rates is a 'Potemkin village'. REAL capitalistic economies REWARD SAVERS!!!!!!!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Here's How Much Cash Retirees Need to Weather a Stock Market DownturnWith high inflation and rising interest rates, many worry about a prolonged stock market downturn. Here’s how much cash retirees need to prepare.
Source: NBCDFW - 🏆 288. / 63 Read more »

Asian Stock Market: China rallies after holiday mood, Fed’s policy triggers the risk-on impulseMarkets in the Asian domain are gaining sharply higher as risk-on impulse got triggered after the Federal Reserve (Fed) announced May’s monetary polic
Source: FXStreetNews - 🏆 14. / 72 Read more »

The Fed Still Isn’t the Stock Market’s FriendHeard on the Street: It has been a rough year so far for the stock market. Unfortunately for investors, the Fed probably doesn’t feel their pain. I m agrée Bolsonaro is lying to the world, betraying USA and Europe. Do not put your Money in Brasil. Do not buy Agricultural products from Brazil. It has pesticide in very high and dangerous levels. Over years, The Fed was stock markets best friend, wasn't it?
Source: WSJ - 🏆 98. / 63 Read more »