The Current Selloff Feels Like A Bit Of An Overreaction To The Fed's Comments

The market moved up sharply though July despite rate hikes, so the current pullback is not surprising, notes Raeann Mitrione. She discusses the market pullback in focus. She talks about how the current selloff feels like a bit of an overreaction to the Fed’s comments last week. She expects the upcoming earnings season results to be overall positive. She goes over the market outlook for the remainder of 2023. She highlights that excess savings are making consumers and businesses more resilient and typical consumer debt burden is relatively modest. Tune in to find out more about the stock market today.