With the S&P 500 just below its 50-day , the market rally is at a turning point. What should investors do now?
Inflation is unsettling some investors, even if it does prove a transitory feature of the pandemic. “Absolutely inflation is a risk to markets,” Eric Schoenstein, chief investment officer at Jensen Investment Management, said in a phone interview. Wage pressures and supply-chain disruptions tied to COVID-19 are adding costs for companies, some of which are having a “tough time” passing on all the inflation they’re seeing, according to Schoenstein.
NEW YORK (Reuters) – U.S. stocks closed sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID variant, and possible shifts in the U.S. Federal Reserve’s timeline for tapering asset purchases.