The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: richardred who wrote (1533)	12/23/2018 3:10:26 AM
From: elmatador	Read Replies (1) of 13801

Sell off root cause? wage growth: The Labor Department reported in October wages and salaries grew 3.1% in the 3rd quarter — the biggest increase in a decade. (Invesco's Kristina) Hooper predicted trouble if wage growth mounts, because Wall Street uses it to determine whether inflation is picking up momentum. “It means that the Fed has less flexibility to take its foot off the accelerator” on rate hikes... (Wage growth) issue has hurt the market in the past. Last February, a higher than expected wage growth number panicked Wall Street. It sent the 10-Year Treasury yield above 3 percent and sparked a correction. However, the market rebounded (after Febr. sell off) until running into more trouble in October, mainly on fears that the Fed will hike rates too aggressively, and potential impact of the U.S.-China trade war. Hooper is also watching these risks. Idem cnbc.com

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