Investors in a Bind as Risk Appetite Slams Into a Resolute Fed
- Warnings bubble as Fed officials talk up higher interest rates
- Investors weigh two-week slide against fervor of early 2023
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Stock-market investors clamoring for a sense of direction after a month of yo-yo action are bracing for a week chock-full of economic data and Federal Reserve speakers that should help clarify the next step for US equities.
This year started with a torrid rally, but that’s given way to the S&P 500’s first two-week losing streak since December. The risk now is that mounting bets on steeper interest-rate hikes are wearing down the market’s resilience. Investors who are fearful of a return to the dark days of 2022 could be nearing a breaking point where they start to yank cash at a brisker pace.