Yahoo Finance: "Stocks fall ahead of a packed week of earnings, Fed meeting"

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Yahoo Finance: "Stocks fall ahead of a packed week of earnings, Fed meeting"

Excerpt from Yahoo Finance quoting DataTrek co-founder Nick Colas:

… “And the Fed is unlikely to be deterred from moving in this more hawkish direction even in the wake of recent volatility across markets, some strategists suggested.

“Until we get a further selloff in risk assets, the Fed will simply not be convinced that raising interest rates and reducing the size of its balance sheet in 2022 will more likely cause a recession rather than a soft landing,” Nicholas Colas, co-founder of DataTrek Research, wrote in a note on Monday. 

“Either outcome would dampen inflation, of course, which is why 10-year Treasury yields have stopped climbing,” he added. “But only a soft landing would allow public companies to continue to post strong earnings. The risk of a hard landing is why U.S. large caps are under so much stress”…

Read the full article here on Yahoo Finance!