This week has been a whirlwind of market movers, as earnings season continues, the S&P 500 (^GSPC) is on pace to close Friday above 5,000, and Federal Reserve officials continue to comment on the relationship between inflation data and future interest rate cuts.
Thornburg Investment Management Co-Head of Investments Ben Kirby joins Yahoo Finance to touch upon all of these major topics, focusing on if there could be new market catalysts on the horizon for stocks.
“We want to see how are companies progressing on a fundamental basis. So, again, fourth quarter looks pretty interesting,” Kirby says, stating the previous three quarters of earnings were negative for the most part. “The other big topic is really the Fed and interest rates. I think the Fed should maybe get a Nobel Prize for the way they’ve managed the interest rate moves and the inflation move over the last couple years.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Luke Carberry Mogan.
