Recession worries are sending investors into Treasuries and other fixed income investments ahead of the Federal Reserve's first meeting of 2023, even as stocks start the year with a hopeful rally.
is up nearly 9% in a rebound that has lifted many of the names that were beaten down in last year’s equity rout.
Phil Orlando, chief equity strategist at Federated Hermes, is sitting in Treasuries, cash and other defensive investments in anticipation of a reversal in the current rally in stocks.CAUTIOUS STANCE "My bet is on a recession," said Ellis Phifer, managing director, fixed income research, at Raymond James. "The Fed is closer to the end than the beginning, and rates usually fall across the curve when the Fed is finished raising rates."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures tick lower as investors brace for Fed, earnings By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES POINT TO SHARPLY LOWER OPEN AS WALL STREET BRACES FOR FED RATE HIKE, BIG TECH EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
U.S. stocks open lower as investors brace for Fed meeting, earnings delugeU.S. stocks opened lower on Monday as traders took profits before the Federal Reserve is expected to hike interest rates by 25 basis points. The Dow Jones Industrial Average retreated by 75 points, or 0.2%, to 33,903:
Read more »
S&P 500 slides as traders brace for a busy week of earnings, Fed rate decisionEarnings reports from Big Tech giants including Apple and a possible Fed rate hike will test Wall Street's January rally.
Read more »
You’re so vain — you’re probably betting on a recessionIn my 50-plus years of managing money — which started back in the days when Carly Simon was cranking out hits — recessions have mostly been surprises. Now, almost everybody expects one.
Read more »
Recession 2023: Jerome Powell's legacy will dictate inflation, stock market, economyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
German economy unexpectedly shrinks in Q4, reviving spectre of recessionThe German economy unexpectedly shrank in the fourth quarter, data showed on Monday, a sign that Europe's largest economy may be entering a much-predicted recession, though likely a shallower one than originally feared.
Read more »