Stock market in a 'very dangerous' position as jobs and wages run hot, fund manager says
Publishing timestamp: 2024-02-05 08:54:54
Summary
The article discusses concerns raised by Cole Smead, CEO of Smead Capital Management, about the stock market being in a dangerous position due to strong jobs numbers and wage growth. Smead questions the effectiveness of the Federal Reserve's interest rate hikes and suggests that the stock market may not benefit from the strength of the economy. However, other strategists argue that the strong data indicates a positive outlook for the market and that the economy is coping well with high interest rates.
Sentiment: MIXED
Tickers: META,
Keywords: business news, meta platforms inc, breaking news: markets, interest rates, breaking news: investing, markets, investment strategy, u.s. economy, jerome powell, wall street, inflation, jobs,