Why inflation is still the main threat to markets
03/05/2024 00:59
The week is packed with events that could shake up the market: Super Tuesday, the jobs report, and Federal Reserve Chair Jerome Powell's Capitol Hill testimony. These potential headwinds come after a robust earnings season, particularly driven by the Magnificent Seven. Roundhill Investments' Chief Strategy Officer Dave Mazza joins Yahoo Finance to guide investors through the possible market volatility. Mazza explains: "Really, the most important thing has been and will be inflation. Of course you know a big jobs report on Friday, not that folks shouldn't pay attention to that, but really, I think the main driver has been the path of inflation, and we know that it probably hasn't come down as quick as they would like to see. There's some structural issues, perhaps, that are playing a role here. For the most part, it's improved. That, I think, is a reason that's underpinned this incredible market rally whereas there are indexes across the board and markets across the board, hitting all-time highs." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The week is packed with events that could shake up the market: Super Tuesday, the jobs report, and Federal Reserve Chair Jerome Powell's Capitol Hill testimony. These potential headwinds come after a robust earnings season, particularly driven by the Magnificent Seven.
Roundhill Investments' Chief Strategy Officer Dave Mazza joins Yahoo Finance to guide investors through the possible market volatility.
Mazza explains: "Really, the most important thing has been and will be inflation. Of course you know a big jobs report on Friday, not that folks shouldn't pay attention to that, but really, I think the main driver has been the path of inflation, and we know that it probably hasn't come down as quick as they would like to see. There's some structural issues, perhaps, that are playing a role here. For the most part, it's improved. That, I think, is a reason that's underpinned this incredible market rally whereas there are indexes across the board and markets across the board, hitting all-time highs."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino