Reported 6 months ago
In the current high-rate environment, there is lingering uncertainty surrounding stocks as US equities are trading lower with the Dow Jones off more than 300 points, impacted by a drop from Salesforce. SoFi's Head of Investment Strategy, Liz Young, highlights concerns over higher for longer rates and mixed economic data alongside strong earnings, questioning the market's ability to withstand this situation for an extended period. This uncertainty persists despite positive growth and consumer spending, signaling a cautious approach for stocks and corporations moving forward.
Source: YAHOO