Asia-Pacific Markets Set for Mixed Open After Sharp Falls in Previous Session
"It seems investors are still digesting the consequences from Fed Chair [Powell's] hawkish speech where he not only refuted the notion of a dovish pivot but emphasized the need for rates to head higher and remain restrictive in order to bring inflation to heel," Rodrigo Catril, a strategist at National Australia Bank, wrote in Tuesday note.
Stocks burning through cash are about to get hit, says David Trainer, CEO of investment research firm New Constructs.
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