What the market is getting wrong about the Fed -CIO

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2 年前

STORY: Barry added that while stocks have generally responded favorably to indications of slower rate hikes, "the next shoe to drop will be a decrease in [corporate] earnings. So with lower PE's [price to earnings ratios] and lower earnings, it's hard to see this bull market rally sustaining itself into 2023."

U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time when inflation and rising interest rates are weighing heavily on Main Street.

U.S. stock markets closed at 1 p.m. ET, after Thursday's Thanksgiving holiday.