US stocks slip as yields creep higher on easing concerns about banking system stress
"Investors can't seem to make up their minds as to where stocks should go from here, how the bank crisis will play out, and whether the FOMC's next move will be a rate hike, a rate pause, or a rate cut," Bespoke Investment Group wrote in a Tuesday note.
"How often is it that credible arguments can be made for any of those three decisions? With that uncertainty, is it any surprise that the S&P 500 is sandwiched right between its 50- and 200-day moving averages?," it wrote. a US recession will hit in a few months - and outlined what stock investors should do.
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