Chair of the Federal Reserve, Jerome Powell, has spoken, and Wall Street won’t like it. The Fed has decided to hold off on cutting interest rates, citing discouraging developments in the fight against inflation. Hence, we’re now looking at higher for longer interest rates, which makes it opportune to consider shedding Nasdaq stocks to avoid.
The Nasdaq closed in a sea of red on Tuesday, wrapping up the stock market’s worst month this year. Many had expected such an outcome following the hot inflation and jobs market report. Moreover, you have investors in show-me mode with generative AI stocks, which led the market to robust gains last year. Hence, it’s best to be circumspect and offload Nasdaq stocks to avoid likely burning more shareholder value ahead.
Beyond Meat (BYND)
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Beyond Meat (NASDAQ:BYND) operates a plant-based meat company that’s fallen out of favor with both…
