Kenny Polcari, Chief Market Strategist at SlateStone Wealth, advises investors to adhere to their plans following a recent Federal Reserve rate cut. He also discusses former President Trump's proposal for a 10% cap on credit card interest rates.
Positive
The recent Fed rate cut is expected to lower borrowing costs, potentially benefiting sectors like real estate and consumer discretionary. Investors should consider ETFs that focus on these sectors or individual stocks with strong fundamentals in these industries. Companies benefiting from lower borrowing costs may see an increase in stock prices.
Positive
The cap on credit card rates proposed by Trump may positively affect consumer spending by reducing consumer debt servicing costs. This could improve the outlook for retail stocks and related ETFs.
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, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.
Andersen Capital Management CIO Peter Andersen joins 'Mornings with Maria' to discuss big bank earnings and weighs in on the Federal Reserve's handling of rate cuts.