Nasdaq 100 Jun 24 (NQ=F)
- Yahoo Finance UK
FTSE 100 closes high and Wall Street falls as US growth slows
The FTSE 100 outperformed against its European and US peers on Thursday, hitting a new high for the third session in a row.
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How best to safeguard your portfolio amid geopolitical risks
Israel has launched a retaliatory attack on Iran, but markets have shown a relatively muted reaction to the news. Carson Group Global Macro Strategist Sonu Varghese joins the Morning Brief to provide insights on how to navigate one's portfolio amid heightened geopolitical tensions. Varghese notes that the strike Israel launched was "smaller than expected," and although it initially weighed slightly on markets when first announced, stock futures are now trading flat on the news. However, Varghese emphasizes that these geopolitical tensions underscore the importance of maintaining "value in protection" when building investment portfolios. Varghese suggests that the key question to ask is: "Does this shift the macroeconomic regime that we are already in?" He explains that if the macroeconomic backdrop is already weak, "these sorts of geopolitical tensions add to that." Conversely, if the macroeconomic environment is strong, he does not believe that "geopolitical tensions will significantly exacerbate that." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Investors brace for volatility as hot CPI fuels sell-off
The hotter-than-expected March Consumer Price Index (CPI) report has triggered a broad market sell-off, with stock futures feeling the most pressure. Edward Jones CEO Penny Pennington joins Yahoo Finance Live to discuss market outlooks and investment strategies. Pennington explains that the CPI inflation print has raised investor concerns about the prospect of "higher interest rates for a little bit longer." She notes that the overall persistent inflation has significantly impacted how individuals are "spending and investing." According to Pennington, the current market conditions have been "quite frothy," and she expects continued volatility ahead. The sources of this volatility range from the inflation data to the "election environment for the rest of the year." However, Pennington believes there is still room for market returns, as the "goodness in the stock market" is starting to broaden out. To help investors navigate these turbulent times, Pennington suggests seeking the guidance of a financial advisor. This, she says, can help curb the impulse to make decisions driven by "FOMO or YOLO." Importantly, Pennington emphasizes that investors should focus on their "own benchmarks as it relates to [their] goals," rather than solely relying on market indexes. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
