Gerard Cassidy from RBC Capital Markets discusses the U.S. markets and how they are beginning to show signs of economic resilience. He highlights the onset of a rate cut cycle and indicates a gradual alleviation of inflationary pressures.
Positive
With the anticipated rate cuts and decreasing inflation, financial institutions like banks could see a boost in lending activity, positively impacting their revenues and stock performance.
Positive
Consumer sentiment and spending may improve with lower rates, benefiting retailers and consumer discretionary stocks as consumers feel more confident and financially secure.
Positive
Technology stocks tend to thrive in lower interest rate environments as borrowing costs decrease and capital investment becomes more favorable. This should help companies in the tech sector.
American Social owner Rick Mijares says thousands are without power and many residents remain displaced in the aftermath of Hurrica
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Oct 11, 2024, 8:11 AM
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.