Market Minutes Recap – Mixed Signals as Major-Tech Misses – Our Outlook for the Next Fed Rate Hike and Q1 2023.
Negative earnings surprises from mega-cap tech companies presented a new headwind for equities and signaled deacceleration in the broader economy. The confluence of tightening policies together with inflationary pressures are raising the odds of a hard landing as the disconnect between Fed policy and the economy grows. Listen to this week’s podcast as our experts share what investors can expect.
Speakers:
Stephen Hoedt, CMT, Managing Director, Equity & Fixed Income Research, KeyBank Investment Center
Brian Pietrangelo, Managing Director of Investment Strategy, KeyBank Investment Center
Rajeev Sharma, Managing Director of Fixed Income, KeyBank Investment Center
Stephen Hoedt, CMT, Managing Director, Equity & Fixed Income Research, KeyBank Investment Center
Brian Pietrangelo, Managing Director of Investment Strategy, KeyBank Investment Center
Rajeev Sharma, Managing Director of Fixed Income, KeyBank Investment Center
- 01:18 – Economic news of the week
- 01:35 – Inflation and outlook for next week’s Fed meeting
- 10:48 – The housing market plummets
- 08:11 – Health of the credit market
- 13:31 – Major cap tech companies see a slowdown
- 16:05 – Treasury market observations
Additional Resources:
Read our take from May 2022, where we shared why we expected the Inflation Technology sector to remain under pressure: Key Questions: Have FAANG Stocks Been Permanently Defanged?
Read our take from May 2022, where we shared why we expected the Inflation Technology sector to remain under pressure: Key Questions: Have FAANG Stocks Been Permanently Defanged?