With the 10-year Treasury yield peaking at 5% on Thursday, compounded by Federal Reserve Chair Jerome Powell's comments on higher for longer interest rates, investors are unsure where to park investments during a turbulent market. Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus joins Yahoo Finance to break down how the markets are reacting to historic peaks in interest rates and bond yields, as well as offer insight to what investors should keep in mind during these developments. "We also think you need to be in the industrial sector, industrials today are not just a lot of machinery but a lot of technology, whether its in energy generation, in aerospace commercial and defense, or as it relates to retail establishments and eCommerce," Stoltzfus says. He additionally affirms his belief in American consumers continuing to be robust in their spending: "We don't believe in betting against the American consumer. I've been in this business for 40 years and the American consumer spends like a sailor on leave... during good times and during tight times... they still shop." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
With the 10-year Treasury yield peaking at 5% on Thursday, compounded by Federal Reserve Chair Jerome Powell's comments on higher for longer interest rates, investors are unsure where to park investments during a turbulent market.
Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus joins Yahoo Finance to break down how the markets are reacting to historic peaks in interest rates and bond yields, as well as offer insight to what investors should keep in mind during these developments.
"We also think you need to be in the industrial sector, industrials today are not just a lot of machinery but a lot of technology, whether its in energy generation, in aerospace commercial and defense, or as it relates to retail establishments and eCommerce," Stoltzfus says.
He additionally affirms his belief in American consumers continuing to be robust in their spending: "We don't believe in betting against the American consumer. I've been in this business for 40 years and the American consumer spends like a sailor on leave... during good times and during tight times... they still shop."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TipRanks
Year-to-date, markets are up – some 12% for the S&P 500, and 28% for the NASDAQ, even after recent volatility and pullbacks. But there’s worry in the air, and the red flags are flying. A combination of persistently high inflation and interest rates, along with an increasingly dangerous geopolitical situation, has more and more experts calling out warnings. On the domestic policy side, Federal Reserve chairman Jerome Powell said in recent comments, “Inflation is still too high, and a few months o
Barrons.com
Tesla stock had another terrible day after earnings. Tesla stock (ticker: TSLA) tanked for the third consecutive time after the electric-vehicle maker reported quarterly numbers. Price cuts pushed operating profit margins below 8%, down almost 10 percentage points year over year.
The Wall Street Journal
VinFast Auto, an electric-vehicle maker controlled by Vietnam's richest man, agreed to potentially sell up to $1 billion of shares to Yorkville Advisors, a U.S.-based investment firm. The company has the option, but not the obligation, to sell the shares to Yorkville over the next 3 years, according to an SEC filing. VinFast is majority owned by Vietnamese billionaire Pham Nhat Vuong, who chairs its parent company.
Barrons.com
FEATURE Regions Financial shares were sinking Friday after the regional bank missed third-quarter earnings estimates. Regions (ticker: RF) posted third-quarter earnings of 49 cents a share, rising from 43 cents a year earlier but lower than Wall Street estimates of 58 cents.
Bloomberg
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Bloomberg
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Bloomberg
(Bloomberg) -- Three years ago, oil prices dipped below zero and Scott Sheffield’s company — like so many other producers — was in trouble.Most Read from BloombergIsrael Latest: Hezbollah Fires Missiles as Leaders Head to CairoHere’s What 8% Mortgage Rates Will Do to the Housing MarketWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’UAW and General Motors Inch Toward Tentative Deal, Union Negotiator SaysThe lon
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