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Markets Drop as Investors Fear the Effects of Higher Rates

With the #StockMarket down this week, many are worrying that #CentralBanks will continue to raise rates as high #inflation remains steady despite the slowing #economy. Our #CEO @Ed Cofrancesco spoke with @Isabella Simonetti at @The New York Times about his #markets predictions as we head into #2023. “We believe that the market is going to continue to mambo and make lower lows and lower highs,” stated Ed. “As part of that mambo, the market is going to overreact to good news and it’s going to overreact to bad news.”

Read the full article here: https://www.nytimes.com/2022/12/15/business/stocks-dow-fed-inflation.html

 

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