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Stock Market Rally Will Fizzle Out

Clifford Bennett, Chief Economist, ACY Securities

14-Oct-22 07:00

Stock Market Rally Will Fizzle Out

All three US indices rallied yesterday in spite of higher than expected inflation data. This was certainly puzzling and is this another bear market rally? The inflation data will likely result in at least two 75bp hikes for the rest of this year. We speak to Clifford Bennett on his views on this.

Image credit: Shutterstock

Produced by: Michael Gong

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories:  marketsinternational

Tags:  stock marketinflationbear market

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