'Everything gets harder from here': Why top investors are down on the market, economy
Publishing timestamp: 2023-10-03 13:06:50
Summary
The article discusses the concerns expressed by investors at the CNBC Delivering Alpha investor summit regarding the negative impact of higher interest rates on the economy and markets. They believe that the pain of higher rates will worsen and that more things will break as a result. The article also mentions the views of hedge fund manager Bill Ackman, who believes the economy is beginning to slow, and other investors who warn of a potential recession. The Labor Department's monthly Job Openings and Labor Turnover Survey is mentioned as a key input for the Federal Reserve's rate decision in November. Overall, the article highlights the negative sentiment and concerns among investors about the impact of higher interest rates.
Sentiment: NEGATIVE
Keywords: dow jones industrial average, hedge funds, markets, u.s. economy, economy, breaking news: economy, breaking news: markets, business news, investment strategy, spdr s&p regional banking etf,