Equity markets (^GSPC, ^IXIC, ^DJI) have seemingly shrugged off Moody’s downgrade to the US credit rating, but concerns are growing over earnings pressure and global investor outflows.
Ellen Hazen, chief market strategist and portfolio manager at F.L.Putnam Investment Management Co., says the real risk is negative earnings revisions driven by tighter immigration policies and labor costs.
To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/series/wealth/
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