Markets ended up on the back foot after an unexpected U-turn by Fed Chair Jerome Powell on inflation. Or was it so unexpected?
Tech stocks were especially volatile but this time it was the large household name FAANG stocks (plus Tesla) that were the lightning rod rather than the smaller profitless NASDAQ stocks that have been under pressure in the past few months
Markets ended up on the back foot after an unexpected U-turn by Fed Chair Jerome Powell on inflation. Or was it so unexpected?
Tech stocks were especially volatile but this time it was the large household name FAANG stocks (plus Tesla) that were the lightning rod rather than the smaller profitless NASDAQ stocks that have been under pressure in the past few months