Closing Bell: Stocks in Sell-Off Mode Post-Powell 3/7/23
The major averages dropping in the final hour of trade as a direct result of what Fed Chair Jay Powell told Congress today… that the central bank may go faster, higher and stay longer than originally thought. Our all-star panel of Virtus’ Joe Terranova, Lauren Goodwin of New York Life Investments, senior economics correspondent Steve Liesman and senior market commentator Mike Santoli break down the final moments of trade. Plus, Lo Toney of Plexo Capital drills down on the tech trade and the latest headlines on Meta. And, Fundstrat’s Mark Newton has explains the key levels every investor needs…
The skinny
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