Stocks jumped in early trading Thursday as investors shrugged off fears of higher interest rates. The 10-year yield pulled back from a 4-year high, which caused some investors to push the sell button towards the end of the trading day Wednesday. John Petrides, Managing Director & Portfolio Manager at Point View Wealth Management was with us to give us the good and the bad of the current state of the markets.
Investors aren't too complacent. He said they were in 2017. Volatility over the last 3 weeks has brought everyone back to a "normalized state," according to Petrides. He believes the market is pricing in the possibility of a fourth rate hike, adding to the volatility.
Even in a rising rate environment, Petrides thinks stocks can still rise. He said the markets have been propped up by the Fed, but now stocks will have to growth through strong earnings and demand for their goods and services.
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Biotechnology company Regeneron Pharmaceuticals is buying 23andMe for $256 million, two months after the genetic testing company filed for Chapter 11 bankruptcy protection.
ReturnPro CEO Sender Shamiss to discuss how his company is changing the way we make returns and how Trump's tariffs are affecting the return business. Watch!
Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
