Interest Rate Roulette: 3 Stocks to Sell If the Fed Doesn't Cut Rates
D.R. Horton(DHI) Investor Place·2024-07-16 03:39
The stock market breathed a sigh of relief last week when June’s inflation numbers came out. The Consumer Price Index fell 0.1% for the month, the first time inflation fell in four years. It signaled the Federal Reserve might cut interest rates, possibly as soon as September.Until then, things had been looking bleak with cuts not coming until December or even next year. But the more hopeful outlook ignited a rally amongst stocks that were hit hard by the Fed’s unprecedented rate increases.Yet there is still ...