Uncertainty remains in the market, stemming from a variety of factors— economic headwinds, geopolitical conflicts, an inert Congress, inflation — extending volatility. Investors are rushing to safer, more stable investments, but do they have the whole picture? Is there more that needs to be considered?
BloxCross Global Head of Markets & Strategy Keith Bliss joins Yahoo Finance to discuss the broader market and what investors need to pay attention to heading into 2024.
“”The stock market hates two things: an increasing rate environment and a lack of earnings. Generally, they go hand-in-hand, especially in the financial sectors. So the market has not really come to grips with that.”” Bliss continues, mentioning the conflict in the Middle East as it pertains to affecting oil prices “”If oil does get to $150 or higher per barrel as a result of this, then that just ripples down through all economies and inflation, and that would be very bad for consumers globally, and then as a result for cash equities.””
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