We are seeking nominations for The MarketWatch 50 — the most influential people in markets in 2023.
With the Federal Reserve hiking rates, big regional banks teetering and sometimes failing, and stocks waging a nice comeback after last year’s plunge, the first half of 2023 has been a pivotal and perplexing period in financial markets. Big tech stocks have been hot and so have money-market funds.
Is this a stock market rally for suckers, or is a new bull market underway? Who is more in control, the bears or the bulls? The MarketWatch 50 will be made up of people whose actions, work and opinions have impacted markets. These are the people who help move the prices of stocks, bonds, currencies and commodities; influence the behavior and strategies of market participants; and help determine how markets function.
Powell, meantime, is trying to engineer a soft landing for the economy after his Federal Reserve allowed inflation to spike by leaving monetary policy too loose for too long. Powell has overseen 10 interest rate hikes in just over a year in an effort to get inflation back down to the Fed’s inflation target of 2%. The rapid rate hikes have made bonds and even cash a viable savings alternative in 2023 and wreaked havoc on the balance sheets of some mismanaged regional banks.
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