Posted 2/13/2024, 1:50:00 PM
Geopolitical Tensions and Rate Hikes Spook Markets as Tech Layoffs Signal Precarious Job Security
- Putin secured some wins last week, complicating an already uncertain geopolitical situation that markets are trying to navigate
- There are growing concerns about global conflicts destabilizing markets, with JPMorgan's Jamie Dimon calling this potentially the most dangerous time in decades
- The Fed is becoming less popular with economists, with more saying policy is too restrictive
- Markets can still rise even without Fed rate cuts, especially large-cap companies with lots of cash
- Tech layoffs are hitting companies doing well financially, teaching workers job security is precarious even at thriving firms