The Federal Reserve is expected to raise interest rates even more throughout 2022 and consumer stocks are showing disappointing results. As the stock market declined Friday afternoon, “all risk premium assets—crypto, high leverage, growth names—are being impacted, and what’s working right now is the opposite of that, quality stocks,” stated Jerry Braakman, President and Chief Investment Officer.
Read more about the current stock market and how investors are reacting in this article by The Wall Street Journal.
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