According to the veteran trader, the market will not experience any real rally until rates stabilize at any level.The stock market is very sensitive to changes in monetary rates as instituted by the United States Federal Reserve. With the massive inflation being recorded over the past year, the Feds have been very uptight in increasing interest rates.
With the recently released Personal Consumption Expenditure Index, the Fed's preferred inflation gauge, a 5.4% growth year-on-year was recorded, fueling the likelihood of a return to hawkish rate hikes.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Jim Cramer says the Fed can't calm a market where 'nothing is predictable''Nothing in this economy is working like it's supposed to, nothing is predictable',' said CNBC's Jim Cramer. Shouldn't this guy be under investigation for market manipulation? Didn’t he say we’re in a new bull market just a week or so ago?
Källa: CNBC - 🏆 12. / 72 Läs mer »
STX Soars Another 23% as Rally Continues, BTC Bounces Off $23K (Market Watch)Stacks continues to be the best performer from the top 100 crypto assets.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »
Why the 2023 stock market rally may be over already | CNN BusinessSo much for that big stock market comeback this year. Did you guys not get the memo this time? You're meant to say it doesn't matter because only rich people own stocks. The market volatility reminds us of the importance of diversification. Your portfolio should include traditional and alternative investments. Option strategies can also help mitigate risk. Your portfolio can be managed like an institutional portfolio.
Källa: CNN - 🏆 4. / 95 Läs mer »