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Omicron variant and unfriendly Fed are ‘double whammy’ to stock market: strategist

Omicron variant and unfriendly Fed are ‘double whammy’ to stock market: strategist

The stock market has been hit with a double whammy of unsavory news, explains Charles Schwab Chief Investment Officer Liz Ann Sonders. “I think at this stage in the economic cycle and the market cycle, the move from very loose policy to tighter policy has been a factor in the volatility [we are seeing]. You add that to an environment where we started to see a tremendous amount of speculative froth and then add to that Omicron [concerns], you get the double whammy catalysts that sometimes can… Source link

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