The rally in stocks tied to signs of cooling inflation isn’t likely sustainable, says a senior global market strategist at the Wells Fargo Investment Institute
Bankrupt crypto exchange FTX’s creditors number in the millions, but so far most stock investments — and investors — have been spared from the fallout.
John Linehan, who manages $29 billion for T. Rowe Price, is looking to financials, energy and utilities to power the market as interest rates remain high.