Stocks: 'Fed action' could put the brakes on the market says analyst
The S&P 500 (^GSPC) looks to close at a record-breaking level above 5000 points. While the move excites investors, some remain cautious over ongoing economic headwinds that can put a quick dampen on market sentiments.
Banrion Capital Management CEO Shana Sissel and Gradient Investments Senior Portfolio Manager Jeremy Bryan join Yahoo Finance to discuss the best ways investors can manage their portfolio as the S&P 500 moves to an all-time high record close.
Sissel comments on what could stop the momentum in the market: "I don't really see a lot of headwinds for what's going on. We have very strong economic growth. Very strong employment. But if there was anything it would be the Fed [Federal Reserve]. I think that most likely the thing that could put the brakes on what we're seeing is the Fed not cutting rates the way the market thinks. They've been very clear that they do intend to cut rates this year. They're not really sure how many times, the market expected six. The Fed put a kibosh on that."
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