{"id":31012,"date":"2022-05-31T20:32:07","date_gmt":"2022-05-31T20:32:07","guid":{"rendered":"https:\/\/harchi90.com\/wall-streets-losing-streak-ends-but-uncertainty-that-drove-it-lingers\/"},"modified":"2022-05-31T20:32:07","modified_gmt":"2022-05-31T20:32:07","slug":"wall-streets-losing-streak-ends-but-uncertainty-that-drove-it-lingers","status":"publish","type":"post","link":"https:\/\/harchi90.com\/wall-streets-losing-streak-ends-but-uncertainty-that-drove-it-lingers\/","title":{"rendered":"Wall Street’s Losing Streak Ends, but Uncertainty That Drove It Lingers"},"content":{"rendered":"
\n
\n

The stock market’s staggering run of losses came to an end last week, with the S&P 500 snapping a seven-week losing streak and pulling away from the brink of a bear market with a 6.6 percent bounce through Friday.<\/p>\n

But the concerns that drove Wall Street’s panic this year remain unresolved. It’s far too soon to know if skyrocketing consumer prices have peaked, if the Federal Reserve has charted the right path for interest rates, or how well the economy will be able to hold up in the face of fast inflation and rising borrowing costs.<\/p>\n

Until there’s clarity on those issues, analysts say, it would be a mistake to presume that this year’s drop in stocks was over. As share prices have tumbled, falling about 13 percent since early January, predictions that the selling has run its course have repeatedly turned out to be wrong, with the market changing direction as each new piece of data on the economy came in. Last week’s bounce, as investors plowed some $ 20 billion into global stock funds, could be another short-lived rally.<\/p>\n

\u201cThere’s no certainty, especially in the short term,\u201d said Victoria Greene, chief investment officer at G Squared Private Wealth, an investment adviser. “This could be a choppy summer where you’re going to have ups and downs and you’re going to get jerked around.”<\/p>\n<\/div>\n