Published on 20 Mar 2024 on Insider Monkey via Yahoo Finance

Billionaire Steve Cohen and Insiders Are Buying These 10 Stocks

In this article, we will take a detailed look at the Billionaire Steve Cohen and Insiders Are Buying These 10 Stocks. For a quick overview of such stocks, read our article Billionaire Steve Cohen and Insiders Are Buying These 5 Stocks.

Investors are holding their breath ahead of the key Fed decision about interest rates. While analysts expect the central bank to keep interest rates unchanged, the biggest question is whether we are in for a higher for longer scenario where interest rates would remain elevated for several more months because of the sticky inflation problem. However, the Federal Reserve cannot postpone rates cuts for too long because doing so could tip the economy into recession. Some analyst firms also believe that irrespective of the outcome of today’s Fed meeting, stocks are expected to take a breather in the short term.

Piper Sandler recently said in a note that the current “four-and-a-half-month bull market” needs a “break.” Piper Sandler does not see a market correction; it’s simply expecting a “consolidation” that could create further buying opportunities for investors.