A midterm election rally in the stock market is unlikely this year as the Fed’s rate hikes and recession risk weigh on investors, BlackRock says

Financial

Stocks usually rally after midterm elections as political gridlock is often the result, preventing big policy swings that scare investors. But a rally after this midterm cycle is unlikely as the Fed’s aggressive rate hikes have raised the odds of a recession, BlackRock said. “We see a bigger problem for stocks than any potential positives…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
From sawmills to hydrogen
Are Western Mountain Towns Ready For The Coming Flames?
Interest Rates May Surge As The Short Squeeze Nears Its End
Germany producer price index for logging products up 20.7% in January
Stocks rise to recover much of steep loss from day before