MarketWatch
It’s Jerome Powell’s time – and a Wall Street bank warns that the S&P 500 could fall another 20%. Goldman Sachs said the bull market will continue.
Markets have reeled since the Federal Reserve announced, through the release of December minutes, that the central bank wanted to make a big slap on its $ 9 trillion balance rather than keep it lofty. level. Value stocks, according to them, will continue to be strengthened by the transition from quantitative easing to quantitative tightening, while the Fed rotates from resistance to deflation to resistance to inflation. Overall, the Goldman team says most market movements are explained by basics, but it says certain defense sectors, including food and beverages, household goods and personal products , may be too rerated, while semiconductors may be sold. off too much.
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