Fed Uncertainty Grows
Much of investors’ attention this quarter has been on stock markets, as the S&P 500 went into a bear market, defined by falling over 20% from its most recent high. This is unsettling for many, but it is important to see through the noise and focus on fundamentals and the longer term.
In this outlook, we discuss the Fed’s pivot to raise its pace of rate hikes and its emphasis on the more volatile headline inflation that includes food and energy versus core inflation. Though bearish market sentiment is high, there may be upside surprises.
The Midyear Outlook is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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