After Federal Reserve Chair Jerome Powell’s testimony on Tuesday that the central bank is ready to back to more aggressive interest-rate hikes if economic data doesn’t cool off, it would be natural to think that the market prefers to see the data get worse than get better.
First, he says, the S&P 500 index looks overvalued, given the shape of the money market curve. A model using regression analysis finds the S&P 500 more than 5% overvalued, or more than 1.5 standard deviations too high, he says.
Looks like the stock market is full of surprises these days!
So what’s good 🙉it’s the worse news
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stock market news today: S&P 500 aims for 3rd straight winUS stocks edge higher as Treasury yields slip and investors await Powell testimony
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »