The July rally in the stock market was premature: Mohamed El-Erian - Markets Insider
8/1/2022 12:00:00 AM2 years 9 months ago
by Jennifer Sor
by Jennifer Sor
El-Erian said a comment by Powell led investors to believe rate hikes would likely slow, but that's at odds with what the data shows.
After suffering the worst first-half of the year since 1970, the S&P 500 finished its best month in two years in July, but top economist Mohamed El-Erian isn't calling a bottom just yet, suggesti… [+2780 chars]
full article...