PFE - Wall Street Breakfast: Cue The Volatility

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Cue the volatility Following a rally after Wednesday's Fed meeting and the following morning, Wall Street indices turned south about an hour into the session on Thursday and continued to descend into the close. While investors were happy to see that the Fed took steps to address inflation, there are still a lot of questions about its long-term strategy. The Nasdaq fell 2.5% and rate-sensitive growth stocks fell sharply as an attempt by the central bank to strike a balance between stabilizing prices and supporting the economy could prove challenging.Another wild card: Omicron is spreading fast within major cities like London, which is recording cases that are off the charts compared to any previous wave of the pandemic. The explosion in the U.S. is imminent too,

For further details see:

Wall Street Breakfast: Cue The Volatility