The Economic Data That Has Investors Selling Stocks

Wall Street is being rattled by data that show exactly what stock traders did not want to hear: a significant slowdown in the US economy and persistent inflation pressures.
Stocks are getting hit across the board, with the S&P 500 extending its April slide - as the economic figures fuel “stagflation” jitters, bringing even more uncertainty to the path of Federal Reserve policy. Swap traders reacted accordingly - pushing back the timing of the first rate cut to December. Treasuries sold off, with two-year yields spiking to 5%.
For analysis, Paul Sweeney and Molly Smith speak with Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on Bloomberg Radio.
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[@softy-bf5eg]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Cammimullens]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@marlisamirabal]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@TitaAnderson]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@marlisamirabal]

Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@TitaAnderson]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@dudea3378]

This "sell-off".... is it in the room with us now?

[@ThatonedudeCR12956]

SPY is up over 1% and Nasdaq up over 2% today. I am up like 5% in this week alone. What stocks are you looking at? I am not seeing a sell off.

[@rickluttrell5529]

Back to Stagflation. Great. Thought that was permanently killed off with the Jimmy Carter years. Looks like at least 2 more rate hikes coming our way.

[@RB-eo4eq]

Goldman, JP, Blackrock and Vanguard can Call the Big Guy and get interest rates sorted out.

[@user-ww2lg6nh7z]

Yet thats too much common sense