Despite the first quarter’s strong performance, investors say that celebrating a Fed victory against inflation would be premature.
Earlier this month, the collapse of three financial institutions — Silicon Valley Bank, Signature Bank and Credit Suisse — set off a banking meltdown that sent markets teetering.
Wall Street largely shrugged it all off, however, with stocks recouping their losses — and then some — as investors started snapping up tech stocks, boosting the broader equity market.
But that doesn’t mean that inflation isn’t still a key factor driving the market.
Here’s what Wall Street experts are saying:
“We’re in the middle of this taming of inflation experiment,” said Scott Duba, chief investment officer at Prime Capital Investment Advisors. “Expect the unexpected.”
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