Mark Tepper warns of a ‘rude awakening’ for the markets
Lexerd Captial Management Founder Al Lord and Strategic Wealth Partners CEO Mark Tepper discusses the December ADP, the Federal Reserve’s management of inflation and rate hikes, and the labor market.
Strategic Wealth Partners CEO Mark Tepper joined "Mornings with Maria," Wednesday to provide an outlook for the markets for 2023. He warned that the markets are in for a "rude awakening" due to higher-than-expected rate hikes from the Federal Reserve.
PRIVATE SECTOR JOB GROWTH JUMPS BY 235,000 IN DECEMBER, BEATING EXPECTATIONS: ADP
MARK TEPPER: I think what's going to happen is the Fed is going to hike higher than the market is expecting and that, you know, the market's going to be in for a rude awakening as it begins to digest the fact that rates are going to go higher.