Market Quote : Investors lack of confidence and caution in anticipation Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 29 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Powell’s hawkish tone during the Jackson Hole symposium pointed towards a stricter rate hike while investors were expecting a milder policy action post the release of the softer July inflation reading. This has increased concern about an economic slowdown, which has caused a significant sell-off in the US market and spillover effects on markets around the world. The sell-off in emerging markets like India was exacerbated by concerns over the possible withdrawal of foreign funds, which was the backbone of the recent market rally"
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