Market direction debate amid mixed signals as focus turns to Fed response
- 1Jason Hunter questioned whether the market is in the final stage of a downward correction or if it is a precursor to a larger decline.
- 2Aditya Bove stated the market is testing the Fed's pain threshold and views the possibility of an October rate hike as very low.
- 3Mike Wilson noted that if the Fed acknowledges market tension, it will help rate-sensitive sectors, but ignoring it could be negative like the 2018 case.
So what's the key point?
Jason Hunter questioned whether the market is in the final stage of a downward correction or if it is a precursor to a larger decline.
Source CNBC · View original ↗
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