After the Federal Reserve raised the interest rate by half a percentage point, the market suffered the biggest reversal since the epidemic.
On the one hand, investors are worried that raising interest rates will not solve the rising commodity prices and supply chain pressure; on the other hand, concerns about whether the economy can achieve a "soft landing" are gradually spreading.
Wall Street institutional investors are bracing for bad economic news. Among them, the more defensive utilities and high dividend stocks are favored.
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