Mixed Earnings Reports Deliver Market Jitters

Mixed Earnings Reports Deliver Market Jitters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 26, 2023. Spencer Platt/Getty Images
Louis Navellier
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Commentary

After a strong first quarter, the historically robust market month of April is suffered a bad spell. The main culprit is inflation, as Fed Chair Jerome Powell confirmed last week that there has been a “lack of progress” on the inflation front recently, so it will take more time for the Fed to reach its 2% inflation goal and start cutting key interest rates. However, with the presidential election season nearing full stride, the Fed may want to stay out of the fall political season and start cutting sooner.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
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