Reservations

Mohamed El-Erian says the stock sell-off is in a new phase, as investors add earnings and growth fears to Fed worries

1 month ago   |   By

Mohamed El-Erian, Chief Economic Advisor of Allianz Lucy Nicholson/Reuters
Mohamed El-Erian said the plummet in US stocks Wednesday marks a new phase in this year's brutal sell-off.
The economist said earnings and growth concerns were being added to fears around Fed interest-rate hikes.
The Dow Jones fell more than 1,100 points Wednesday after an earnings miss from Target spurred worries about a recession.
Mohamed El-Erian believes Wednesday's plunge in US stocks marks a new phase in this year's sell-off, driven by earnings and growth fears alongside existing worries about Federal Reserve...
Read more ...

 


Search by Tags

   Reservations      Reservation      China      Fall      Markets      MI Exclusive      Mohamed El-Erian      Stock Market      Stocks      Inflation      Growth      Earnings      Fed rate hikes      Interest rate increase      Interest Rate Rise      Rate Hikes      Rate Rise      Monetary policy tightening      Federal Reserve      Fed      Economy & Markets      Selloff      Stock sell-off      Target earnings  


Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Russia denies it defaulted on bond payments as Western sanctions blocking...

Russian President Vladimir Putin. Mikhail Svetlov/Getty Images Russia denied defaulting on its foreign debt obligation on Monday after a grace period on a bond payment... Read more ...

Kansas City named the best place on earth to work remotely, beating out...

Kansas city, Missouri, is the best place on earth to work remotely, according to Icelandair. Tim Clayton/Corbis via Getty Images. Kansas City has been named the best city in... Read more ...

2022 Kia EV6 Paint Colors, Ranked

2022 Kia EV6 Paint Colors, Ranked

The Kia EV6 is one of several electric vehicles built on the E-GMP platform that will be powering plenty of EVs from Kia, Hyundai, and Genesis in the future - and from one of... Read more ...

How To Take The Ultimate Vacation In Scottsdale, Arizona

How To Take The Ultimate Vacation In Scottsdale, Arizona

The desert city isn't just for retirees and bachelorette parties. Read more ...

What's the Best Thing That Ever Happened to You on a Road Trip?

What's the Best Thing That Ever Happened to You on a Road Trip?

Folk, we are in prime road trip season, and that leads us to today's question of the day. We want to know what's the best thing that ever happened to you on a road trip. Read more ...

Russian oil could be hit with a price cap as G7 aims to cut off Moscow's...

G7 leaders after a March meeting in Brussels. Henry/Nicholls/Pool/AFP G7 leaders including the US, UK and Germany met Sunday to discuss a price cap on Russian oil. The talks... Read more ...

Legendary investor Howard Marks says to snap up cheap assets now, as...

Legendary investor Howard Marks told the Financial Times that investors should start loading up on cheap stocks rather than trying to time the bottom. Heidi Gutman/CNBC/NBCU... Read more ...

Traffic Jams: School of 7 Bells - ‘Connjur'

Traffic Jams: School of 7 Bells - ‘Connjur'

Happy Monday! How was your weekend? Did you get up to doing anything nice? I marched in the NYC Pride parade with my band on Sunday, which was a pretty fun gig! And, speaking... Read more ...

At $7,500, Is This 1994 Lincoln Town Car a Good Deal by a Country Mile?

At $7,500, Is This 1994 Lincoln Town Car a Good Deal by a Country Mile?

While some people may espouse that size doesn't matter, the interior space afforded by today's Nice Price or No Dice Town Car proves that bigger can sometimes be better. Let's... Read more ...

Volkswagen Introduces the ID.Aero, A Flagship Electric Sedan Concept

Volkswagen has rapidly electrified a significant portion of its model range over the past five years. VW introduced a variety of electric vehicles, from a hatchback and a... Read more ...