Many investors have grown a more bullish sentiment on the market following recent inflation prints and commentary from Federal Reserve leadership, expecting regulators to reach their 2% inflation target and begin to see more of a recovery. Several events continue to weigh on the US and global economies, including conflicts in the Middle East, high mortgage rates, and a slow-moving Congress.
BlackRock Chief Investment Strategist Wei Li joins Yahoo Finance to discuss the recent rally in the stock market, gains in Big Tech stocks, and why investors need to pay closer attention to the market, believing their bullish sentiment to be misguided.
Li expects the Fed to begin cutting interest rates in the second half of 2024: “So earlier on, the Fed said that tightening financial condition is doing some of the work for them, but now it’s falling back and actually pushing higher, actually the financial conditions have been loosening so if they were doing some of the work for them before, they’re doing less of the work for them going forward.”
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Stellar interview.
Should have asked her as to whether the 10-year and the 30-year would reach the 500 bps threshold again.
Wei is the absolute best.
👍👍👍. I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide..
…seek the guidance of a professional.
I’m happy to see ALEX L ORLOFF mentioned, he is recognized worldwide, my neighbor recommended him to me after investing £45000 and he has been a blessing to us…
there’s a lot of money to be made in crypto. I feel this new interest rates hikes could crash this economy. I’m looking out for a better investing strategy, I have a lump sum that inflation is steady eating up. Please do you mind sharing any means of reaching out to him easily? I’m really interested.
check the web and you will find him, drop a msg
He’s Active online through his website.
I’m addicted to watching this