Robert Schein, chief investment officer at Blanke Schein Wealth Management, said a meaningful rally in stocks was unlikely until investors saw evidence inflation was in retreat.
“Inflation remains the biggest risk to financial assets, and Jerome Powell has made his position abundantly clear: The Fed will continue to raise interest rates until inflation begins to wane. Until then, a sustainable rally for risk assets is hard to imagine,”
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But IMO this must be already built into the market ?? But, the yanks are like rats on a burning ship....
