A trader works at the New York Stock Exchange on August 26. Photo: Xinhua
A trader works at the New York Stock Exchange on August 26. Photo: Xinhua
Clara Cheong
Opinion

Opinion

Macroscope by Clara Cheong

Why it’s still too soon to be optimistic about a recovery in US growth stocks

  • After being hit hard by the Fed’s inflation fighting policy, US growth stocks enjoyed a strong run in August, giving investors hope of a possible dovish pivot
  • In reality, such hopes are premature – inflation is still uncomfortably high, and the Fed won’t ease up until it is brought under control

A trader works at the New York Stock Exchange on August 26. Photo: Xinhua
A trader works at the New York Stock Exchange on August 26. Photo: Xinhua
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