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Why Are Growth Stocks Leading When They Crashed In 2021?
Schwab Network
English - February 16, 2023 17:44 - 8 minutes - 73.5 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Strong PPI Number: Fed Will Be Higher For Longer
Next Episode: Earnings-Driven Bull Market
"The market is pushing Jerome Powell to raise rates. The equity market is not considering the fact that inflation could linger. On the other hand, the bond market today is saying that maybe interest rates have to be higher for longer. Maybe these unprofitable growth stocks should not be driving the bus as they crashed it in 2021. The 2 year rate keeps going up and approaching the Fed Fund's Rate. This is not a good place to be if you are a high valuation stock owner," says Brian Frank. Frank also states that he is long Calumet Specialty Products (CLMT).