According to Bank of America Corp. Chief Investment Strategist Michael Hartnett noted, “good economic news is now bad news for stocks, a shift in mindset from the first quarter when good news = good." Yet the first quarter of the year started strong, stock prices have been falling since April. 

The traders’ expectations that the Central Bank would not lower the interest rate due to hot inflation and job-market prints is the cause. Also, worries about conflicts in the Middle East are intensifying, leading to higher energy prices and delaying the Central Bank's decision to lower interest rates.

#Economy #Economic news #Michael Hartnett #Central Bank #Interest rate #Stock #Investment 

Sadie Kim (rkim2025@chadwickschool.org)