AUTHOR
Mick Weinstein
Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.
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While inflation may have peaked last summer, the future road may not be a one-way street to the downside, and the Fed will continue to operate under the assumption it ‘has more work to do’ to bring inflation under control.
Analysis of the asking price for the exchange traded funds site ETF.com
No Covestor managers have purchased General Motors in the past 30 days, even though shares are trading just a sliver above book value.
The recent uptick in US inflation has led to a shift in the market’s near-term rate-cut expectations, with many economists now predicting a slower pace of rate hikes.