706 days ago • Posted by Paul de La Baume
#Stock rebound as selling pressure pauses #Nasdaq #S&P500 #trading
Stocks rose Friday after Fed chair Powell pushed back against steeper interest-rate hikes. He anticipates the Fed to raise rates by 50 bps for the June and July meetings. Markets are concerned that the withdrawal in liquidity and higher interest rates could cause an economic slowdown. After 6 days in a row of selling, we are beginning to see seller fatigue, with buyers stepping in. Nasdaq futures are up 1.8% with the hardest-hit stocks rebounding the most.
