The S&P 500 and Nasdaq Composite cinched their third straight negative session on Tuesday.
U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses.needs to see more progress on the inflation front
"The primary headwind is the hawkish repricing of Fed expectations. I don't think Fed Chair Powell did much to ease those concerns today, perhaps intentionally," he told CNBC."The market is getting to a place where it's questioning whether there will be a rate cut at all in 2024."Mayfield sees equities trading mostly range-bound in the near term, with an exception being if any geopolitical event spikes oil prices even higher.
"Margin loans keep rising, and that's never a bullish sign," Peterffy said."That usually foretells a market that is going to slow down, so that is what we're probably going to be seeing."
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