For most of the time, they have been reacting positively to “bad economic news,” or any data that may point to an economic slowdown.
Read: The Fed’s monetary policy has lost some of its potency and interest rates may need to rise much higher as a result, economist says Meanwhile, “what we’re experiencing is a rolling recession,” said Jamie Cox, managing partner at Harris Financial Group. Read: Fed rate hikes can end now that U.S. job gains are the size of an economy like Australia’s, says BlackRock
Investors should also be alert of the possibility that inflation may accelerate again, according to David Merrell, Managing Member and Founder of TBH Advisors.
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