Hawkish Central Banks Will Continue To Weigh On U.S. Stocks

Quantitative tightening continues at most central banks, notes Jeffrey Kleintop. He discusses the takeaways from central banks choosing to pause. He talks about how hawkish central banks will continue to weigh on U.S. stocks. He then looks at how “Magnificent 7” stocks affect S&P 500 performance. He forecasts what the Fed will do next. He also goes over how OPEC is acting like a central bank. He mentions that the energy price trend may have room to run, and he still considers the energy sector overweight. Tune in to find out more about the stock market today.