Reported 3 days ago
Michael Kantrowitz, Chief Investment Strategist at Piper Sandler Companies, highlights that recent market sell-offs in response to inflation fears represent a 'new normal' for US stocks. Following the Federal Reserve's rate cut announcement, he points out that the financial markets are currently influenced more by rising interest rates rather than economic growth or unemployment trends. Kantrowitz anticipates that future market corrections will predominantly stem from inflationary pressures rather than slowdowns.
Source: YAHOO