Need a Hug?

Regan discusses the condition of stock market, with speculative assets lead a market selloff, but corporate cash could put a floor under prices. On Jan 26 the S&P 500 index was almost 10% below its last high, which was reached on the first trading day of 2022. The Nasdaq-100 index was off more t...

Full description

Saved in:
Bibliographic Details
Published in:Bloomberg businessweek (Online) 2022-01 (4729), p.22
Main Author: Regan, Michael P
Format: Magazinearticle
Language:English
Subjects:
Assets
Interest rates
Losses
Securities markets
Stock exchanges
Stock prices
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Regan discusses the condition of stock market, with speculative assets lead a market selloff, but corporate cash could put a floor under prices. On Jan 26 the S&P 500 index was almost 10% below its last high, which was reached on the first trading day of 2022. The Nasdaq-100 index was off more than 14% from its peak in November, while the Russell 2000 Index of smaller companies was down 19% from its latest high. Market pundits seemed more shaken than those numbers alone would suggest, with talk of long winters and bursting bubbles even amid late-in-the-day rallies as traders tried to "buy the dip." Perhaps that's because there's a sense that the markets are, for the first time in a while, going to have to grit out losses without help from an accommodating Federal Reserve. The Fed is poised to end its purchases of Treasury and mortgage bonds quickly and raise interest rates as soon as March.
ISSN:0007-7135
2162-657X