The Russell 2000 entered a correction on October 14 as inflation worries hit stocks, Bloomberg reported, with the S&P 500 down 1.1% as a chip rout deepened.
“It’s clear as ever that inflation is stubborn and moving in the wrong direction,” Regan Capital’s Skyler Weinand said in the Bloomberg report. Weinand expects the Fed to pause in October and resume rate hikes in December.
UBS Sees a Reset, Not a Break
UBS Chief Investment Office’s Ulrike Hoffmann-Burchardi said the selloff...
