The autumn equinox is supposed to bring equilibrium, but the market feels anything but balanced. Thankfully, the market’s spooky season might be ending as October begins.
We can blame the Federal Reserve. While it left interest rates unchanged, its dot-plot showed only two cuts next year, down from previous projections for four, in what was taken to be a hawkish pause. In his comments, Fed Chairman Jerome Powell tried to bring balance to the statement, to no avail. That could lead to some choppy trading, says Keith Lerner, co-chief investment officer at Truist Advisory Services, especially since the S&P 500 gained 17.5% before dropping this past week and is lacking any catalyst that would propel stocks higher.
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Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall StShares in Europe have opened mostly lower after markets ended mixed in Asia following a broad retreat on Wall Street driven by worries over interest rates.
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Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall StShares in Europe have opened mostly lower after markets ended mixed in Asia following a broad retreat on Wall Street driven by worries over interest rates.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »