Blackstone President Forecasts Economic Slowdown as Inflation Weighs on US
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#df25ce9f ver:0.21
Despite concerns about the labor market, consumer spending, and weak corporate earnings, some believe the stock market is in a "Goldilocks" scenario for a rally. Retail investors are feeling bullish, with a record high for the S&P 500 and Dow Jones Industrial Average. Wall Street professionals are facing challenges as fast-reversing markets confuse them. The recent rebound in stocks was fueled by the retreat of Treasury yields, but doubts persist about a year-end rally. Robust global economic growth may support equities, even if bets on rate cuts are abandoned. A weaker jobs report could signal stagflation and lead to a selloff in stock markets. Traders sold US Treasuries as inflation expectations rose, and Blackstone's president forecasts an economic slowdown. The old adage "Sell in May and go away" may not hold true this year. #StockMarket #Economy #Inflation #Bullish #Stagflation...
#newstr #UsJobsReport #StockMarketSelloff #Stagflation #Blackstone #EconomicGrowth #Inflation #UsBondMarket
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