Reported 4 months ago
Ned Davis Research Chief US Strategist Ed Clissold discusses the market outlook following a softer-than-expected first quarter GDP figure, attributing it to the impact of the Federal Reserve's rate hikes on the economy. Clissold acknowledges that while the consumer sector remains resilient, there is pressure within goods and services. He notes that higher bond yields, which are typically good, are now a concern for the market, as excessively high yields could negatively impact the bull market. Clissold also highlights the trend of companies returning capital to shareholders as a sign of confidence in future cash flows.
Source: YAHOO