Expect to see a slump in technology stocks as Federal Reserve Chairman Jerome Powell this week signals to US lawmakers that interest rates will likely run even higher as the fight against inflation continues, veteran tech analyst Gene Munster said Monday. about market positioning, with Powell set to appear Tuesday and Wednesday before Senate and House lawmakers for semi-annual testimony.
"I think what he learned with the last Fed meeting is that if he is not overly hawkish, the market tends to interpret any fractional positive news related to any sort of breaks coming up in interest rates," Munster said.
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.
What stock-market investors want to hear when Fed's Powell testifies before Congress this weekA modest U.S. stock-market recovery from last year’s carnage will be again put to the test this week, as investors closely watch Powell’s testimony to... That he is done raising rates and killing American interest. Fuck what stock market investors want. Heres what home owners want Powell to say 'guilty' Doesn’t matter what they want, they will be getting a massive bloodbath and continuing crash.
Source: MarketWatch - 🏆 3. / 97 Read more »