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Closing Bell
Closing Bell: Stocks in Sell-Off Mode Post-Powell 3/7/23
Mar 7, 2023
Investment experts Joe Terranova and Lauren Goodwin, along with other panelists, analyze the stock market sell-off triggered by Fed Chair Powell's statements. They discuss bond market reactions, managing inflation expectations, tech trade insights from Lo Toney, and key levels to watch amid uncertainty.
59:49
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Quick takeaways
- Markets react negatively to Powell's hawkish stance on rate hikes.
- Investors face challenges from high inflation and changing consumer behavior.
Deep dives
Impact of Fed Chair's Statement on Market Sentiments and Rate Hikes
The podcast episode delves into the impact of Fed Chair Jerome Powell's statements on the market. The revelation of potential faster, higher, and longer rate hikes by the central bank, reflecting an economic scenario where inflation remains persistent, led to a significant sell-off in stocks. This shift in monetary policy direction caught traders by surprise, with markets now potentially pricing in a 50 basis point hike. The discussion highlights the market's reaction to Powell's remarks and the potential implications of accelerated rate hikes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode