Reported 27 days ago
In a recent discussion, wealth advisor Amy Kong emphasized the importance of corporate earnings as the market shifts its focus following the first anticipated rate cut by the Federal Reserve. While acknowledging a moderation in consumer spending, Kong believes that upcoming rate cuts will be data-dependent and serve as a normalization of monetary policy. She noted the resilience of tech stocks amid macroeconomic uncertainty and advised that investors should brace for some fluctuations instead of expecting a steady upward trajectory.
Source: YAHOO