Stocks Buoyant as Rate Cuts Mulled, But Growth and Valuations Eyed
• Stock markets slightly higher as Powell testifies again, with potential rate cuts in focus • Citi strategist Quite a bit of rate cuts already priced in; more needed to justify valuations • Earnings growth expected to lift markets, but multiple derating also likely • Healthier micro-bubbles emerged post-pandemic, now bursting as investors get discerning • Click here for full Yahoo Finance Live episode with more expert insights