Stock valuations are still looking too lofty even as the major indices continue to retrench on the one-two punch of Omicron variant fears and a hawkish shift in Federal Reserve policy.
“I worry about markets because stock market valuations look relatively high,” said Torsten Slok, Apollo Global Management chief economist, on Yahoo Finance Live. (Apollo is the parent company of Yahoo Finance.)
Slok said the potential for interest rate hikes from the Fed in 2022 could be a headwind to markets,…
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