US central bank shocks markets, but the big hit is yet to come

The US sharemarket slid broadly overnight as investors retreated, spooked by clear indication the central bank is leaning toward rate increases – an about turn from previous rate cuts. If it follows through, which commentators expect, we can expect a strong effect on the sharemarket, with secure, defensive stocks in favou Watchlist: Broadcom, Moderna, Karoon Energy Check out these stocks: www.moomoo.com/quote