That loud sucking sound we hear is the stock market digesting the work of a hawkish Fed that’s trying to fight unexpectedly sticky inflation. “We expect a tumultuous year, and our plan was not to sell into extreme whooshes — I would say we are in an extreme whoosh,” Canaccord Genuity Chief Market Strategist Tony Dwyer said on Yahoo Finance Live (video above). “I would say if you are looking to cut back exposure because money availability and the outlook isn’t so great, I would love to do it… Source link
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