REUTERS: Fed Hike’s Potential Investment Market Effect

March 16, 2022

What is happening in the global investment markets? Running Point and its chief investment officer, Michael Ashley Schulman, CFA, were quoted by Reuters in a Global Markets article—by Chibuike Oguh, “GLOBAL MARKETS-Global equities, U.S. yields rise on Ukraine peace hopes, Fed rate hike”—regarding global equity market sentiment, investor reactions and timing, U.S. Treasury yields, and that day’s impending Federal Reserve Board interest rate hike.

Below are the excerpted quotes:

“The quarter-point hike is already in the market, already known. What will have an effect on the market is what the Fed ends up saying after the announcement, whether they seem hawkish or dovish,” said Michael Ashley Schulman, chief investment officer at Running Point Capital in California.

“At this point, I think you have a lot of active investors and hedge funds that are seeking any news that would make for a tradable bottom despite the dire global macro scenario of inflation, rising rates, and a horrible war in Russia-Ukraine,” Schulman added.

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