News Formal

Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 72%

Regwall-Pro News

Goldman Sachs Group Inc,DXY US Dollar Currency Index,U.S. 10 Year Treasury

Mike Santoli breaks down the current state of the postelection bull market.

First the reflex, then the rethink. The fast-twitch rush for risk that jolted markets following the decisive election result and excitement over potential growth-stoking policies gave way last week to a modest retrenchment and reassessment as some tradeoffs and unknowns encroach.

Yields have largely responded to a diminished view of how much and how quickly the Federal Reserve will walk short-term rates down to some version of "neutral" policy. Above-trend GDP performance and the pause in the decline in measured inflation had Fed Chair Jay Powell last week saying policy makers were in "no hurry" to cut rates further . This has left the market pretty evenly split on whether another quarter-point comes in a month, following the total 0.

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:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

The biggest pressing market questions with two months to go in rewarding yearMike Santoli breaks down the current market crosscurrents as investors prep for year-end.
Source: CNBC - 🏆 12. / 72 Read more »

Bull market revs back up on Trump enthusiasm as traders race to grab small caps, banks and TeslaMike Santoli analyzes the market moves following Trump's reelection.
Source: CNBC - 🏆 12. / 72 Read more »