Stocks down on expected news

by Darren

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I’ve been harping on this issue for awhile, so I’ll do it again. The stock market is having another tough day because the economic news is not that hot. People get worried when the economy isn’t hot. When they get worried, they invest less.

So what’s going to spark a hot streak on Wall Street again? Something different than:

Wall Street is wrestling with the question of how the Federal Reserve will act as it seeks to hold back inflation. Many investors, who would ordinarily cheer falling oil prices, remain focused on whether the Fed will resume its course of rate hikes when it meets Sept. 20 and whether such a move would put the brakes on an already slowing economy and perhaps dent corporate profits.

That’s it. That’s what I’m concerned with and so are a lot of other investors. Where is the growth coming from?

So far this week has told the same story. I don’t expect too much change in the imminent future.

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