Markets will be keenly awaiting any commentary on the state of the world’s largest economy as it grapples with 40-year high inflation and the beginning of the Fed’s tightening cycle.
“This [rally] could not be coming at a worse time as companies are already struggling with margin pressure from cost inflation, higher/unwanted inventories, and slower demand,” said Mike Wilson, the broker’s chief US equity strategist. Oxford Economics agreed that equities may struggle to make headway in the near-term as earnings expectations are being lowered.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: abcnews - 🏆 5. / 83 Läs mer »