Young Wall Street facing bloodbath: stock market crash, layoffs, pay cuts

The world will not go back to what it was before inflation hit, or before the pandemic, or even before the Trump administration. Rising interest rates change everything; they are the gravitational pull of the market. Global society has changed too, and investment themes that Wall Street relied and thrived on over the past decade are being washed out. Many of the rules that young Wall Street just learned about how the markets react to events have to be thrown out the window.

Some investors on the Street are now tut-tutting their younger counterparts, basking in the chance to act wiser than the generations on the verge of usurping them. These older investors say they've seen something like this before, back in the 1970s: There was double-digit inflation and an energy crisis .

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts pick these stocks as the market grows increasingly uncertainTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple & Amazon.
Source: CNBC - 🏆 12. / 72 Read more »

Recession Watch: Bear Market Deepens As Fed Official Warns Rate Hikes Will Trigger 'Failures' Around Global EconomyHere's how the housing market, stock market, labor market, and the Fed are faring this week. C’mon man the rate hikes didn’t happen over night 🤡 October 24th 2022 The collapse. It’s over _Kriesz_ keep it up to trigger the bottom 🤭
Source: Forbes - 🏆 394. / 53 Read more »