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For Immediate Release
Chicago, IL January 25, 2023 Stocks in this weeks article are Clarivate Plc CLVT, Expedia Group EXPE and Haemonetics Corp. HAE.
Time to Pick Up These 3 Top Relative Price Strength Stocks
We know that the market witnessed a broad-based decline in 2022 owing to a high-interest-rate regime and tighter monetary control adopted by the Fed to combat a 40-year high inflation. But as we have entered 2023, a very early sign of a rebound is visible on Wall Street, with peak inflation seemingly behind us. As proof of this, the S&P 500 which tracks the biggest U.S.-listed companies has crept above 4K for the first time in several weeks.
In particular, the market participants see a pending 25 basis-point interest rate hike next week as a sign of slowing Fed tightening, providing a much-needed respite to the economy. Yet, despite the central bank's softening stance, traders and investors continue to see headwinds in the form of softness in consumer spending, worries over a tight labor market and disappointing fourth-quarter 2022 earnings numbers. As such, extremely volatile trading in U.S. markets is expected to continue for some time.
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