Is This a "Lose-Lose" Scenario for Stocks?
The major U.S. equity indexes were mixed Monday, with the Dow Jones Industrial Average and the S&P 500 in the red but the tech-heavy Nasdaq holding a modest gain on reports that Elon Musk is nearing a deal to take Twitter private. Investors continue to grapple with the fact that the Federal Reserve is aggressively tightening monetary policy into what appears to be a slowing economy. As Mark Ritchie II notes, this “feels like a potential lose-lose for riskier assets.” Ritchie II, managing partner and chief investment officer at RTM Capital Advisors, joins Maggie Lake for today’s Real Vision Daily Briefing to talk about recent price action, relative strength, and whether the Fed will be able to engineer a soft landing. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3k8eqxw
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