![]() But then, economists believe that inflation is likely to remain sticky. Investors’ hope that slowing inflation may hold back the Fed from pushing up interest rates in a very hawkish manner can boost equities throughout the month. ![]() Hence, we do not expect any rate hike in the month to spoil the market momentum. ![]() In fact, chances of a 25-bps rate hike are currently priced-in. Improving corporate earnings and expectations of slower Federal Reserve monetary tightening bode well for the equity market. According to, a consensus carried out from 1950 to 2022 has revealed that July ended up offering positive returns in 43 years and negative returns in 30 years, with an average return of positive 1.12%. The month of July is historically decent for Wall Street.
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