Of FAANGs + Fundamentals
Dodge Dorland, Chief Investment Officer, Landor & Fuest Capital Managers, New York
Jerome Powell just made his first public appearance as Fed Chair where he signalled that the Fed will keep raising rates to contain inflation. The Dow fell 300 points following his comments on Tuesday.
Dodge shares his thoughts on this and what to expect going forward.
We also discuss about fundamental earnings sustainability, FAANG (Facebook, Apple, Amazon, Netflix and Google parent Alphabet) stocks and potential "third wave" of market correction.
Strategists are warning that market sell-offs tend to happen in three waves and the last one is coming.
Does he see the "third wave" of a market correction happening?
Dodge believes near term caution is warranted but he does not see any indicators of a bear market happening any time soon.
Presented by: Joyce Goh
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