E-commerce and tech stocks plummet following Fed meeting. 5/6/22

As inflation fears continue to grow, investors fear shoppers are starting to scale back non-essentials spending. Scott Mushkin of R5 Capital joins us to unpack why the consumer discretionary sector is getting hit especially hard. Also doing poorly are tech stocks, as the NASDAQ is coming off of its worst single day performance in almost two years. Dan Ives of Wedbush Securities joins us to discuss how the hangover from the Fed meeting and yesterday’s rally are being felt on Wall Street. And, what’s in store for the trading day ahead as the first week of May closes out? Greg Branch of Veritas Financial Group and Dan Morgan of Synovus Trust give us their takes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.