Bullish inventory buyers have gotten punched within the month thus far this week, after a comparatively cheery kickoff to 2023 following an unpleasant 2022.
Cathie Wood, nevertheless, has some ideas about what would possibly actually gentle a hearth below these hoping to put optimistic lengthy bets on equities.
The Dow Jones Industrial Average
DJIA,
-0.76%
is down 2.9%, the S&P 500 index
SPX,
-0.76%
is off 2.5% and the tech-heavy Nasdaq Composite Index
COMP,
-0.96%
is down over 2% in a holiday-abbreviated buying and selling week that noticed some gloominess chip away at hard-fought year-to-date positive factors.
Although the Nasdaq is up 3.7%, the S&P 500 has gained 1.6% and the blue-chip Dow has edged up 0.5% in 2023, Wood mentioned Thursday there’s a key issue which may be holding again buyers and markets.
Yes, it’s the Fed. But extra particularly, it’s what the Fed hasn’t mentioned, Wood argued.
The U.S. central financial institution has been…
2023-01-19 18:59:00 Bonds say inflation has peaked, however here is what Cathie Wood says the inventory market wants to listen to to stage a bona fide rally
Link from www.marketwatch.com