Slow Down, Big Shifter! 3 Stocks That Are Moving Too Far, Too Fast.
The stock market rally that has been ongoing for nearly a year suddenly looks fragile. Hotter-than-expected inflation reports and strong economic data have pushed out expectations for the timing of interest rate cuts by the U.S. Federal Reserve. Futures traders now expect the first rate cut in June rather than March, and many see only three or four rate cuts happening in 2024, down from as many as six that were expected at the start of the year. Fast-moving stocks are being hit by this change in plan as inv ...