Hurry! It’s Time to Take Your Profits From These 7 Stocks
Wall Street enjoyed a relief rally during the summer. However, over the past month investors’ sentiment has once again changed. As a result, Americans are increasingly focused on picking stocks to sell while they brace for more volatility ahead. The SP 500 has lost 16.5% in 2022. Meanwhile, the Nasdaq 100 index is still in bear-market territory, down nearly 25% so far this year. Market participants are trying to determine what the Fed will do and the consequences of its actions. The debate centers around whether the central bank’s fight to contain inflation will badly damage the U.S. economy in the near term. Meanwhile, investors continue to be worried about the war in Ukraine. According to JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon, a recession , or even “something worse,” could be coming. He suggested that the Fed’s monetary policies, Russia’s invasion of Ukraine, and rising oil prices could continue to create significant challenges for stocks. Against this backdrop, here are seven stocks to sell.
Hurry! It’s Time to Take Your Profits From These 7 Stocks
Wall Street enjoyed a relief rally during the summer. However, over the past month investors’ sentiment has once again changed. As a result, Americans are increasingly focused on picking stocks to sell while they brace for more volatility ahead. The SP 500 has lost 16.5% in 2022. Meanwhile, the Nasdaq 100 index is still in bear-market territory, down nearly 25% so far this year. Market participants are trying to determine what the Fed will do and the consequences of its actions. The debate centers around whether the central bank’s fight to contain inflation will badly damage the U.S. economy in the near term. Meanwhile, investors continue to be worried about the war in Ukraine. According to JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon, a recession , or even “something worse,” could be coming. He suggested that the Fed’s monetary policies, Russia’s invasion of Ukraine, and rising oil prices could continue to create significant challenges for stocks. Against this backdrop, here are seven stocks to sell.