Stocks finished the week well in the red following subpar earnings and signs of a cooling labor market that has raised some fears of a recession. Baird Investment Strategist Ross Mayfield joined Market Domination to discuss the path ahead for the fed as we await the September meeting. “I do think a 50 basis point rate cut should should be on the table, I think the Fed will consider it, I think with hindsight it’s clear they probably should have started, cutting in July,” though he doesn’t think there will be an inter-meeting cut. Mayfield added that he thinks “we’re not on the doorstep of recession despite the Sahm Rule” As investors search for answers in hopes of a market turnaround Mayfield notes that “the sell-off probably has a little more room to go” but “personally, I would lean in.”
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
