Qatar – Hawkish Fed gives Wall Street value stocks a second wind

Qatar – Hawkish Fed gives Wall Street value stocks a second wind

Traders work on the floor of the New York Stock Exchange. Investors are recalibrating their portfolios to account for a more hawkish Federal Reserve, as signs that the central bank is ready to pull out the stops in its fight against inflation has shaken up markets in the first week of 2022. Investors are recalibrating their portfolios to account for a more hawkish Federal Reserve, as signs that the central bank is ready to pull out the stops in its fight against inflation has shaken up markets in the first week of 2022. Yields on the benchmark 10-year US Treasury are on track for their biggest weekly gain since September, 2019, while technology and growth stocks have tumbled and investors snapped up shares of banks, energy firms and other economically sensitive companies. The action is broadly reminiscent of how markets started 2021, when the rollout of vaccines for the coronavirus boosted expectations of a US economic reopening. Yields slipped later in the year while the rally in economically sensitive shares slowed and investors returned to the big technology and growth stocks that have led markets higher for the last decade. This time around, investors must factor in a Fed that