Jay Woods, the chief global strategist at Freedom Capital Markets, expresses that Fed speeches, particularly those from Chair Powell, carry more weight than upcoming economic data releases. He emphasizes the importance of these communications in shaping market forecasts for the remainder of the year.
Negative
Given that the upcoming Fed speeches are expected to influence market sentiment more than the economic data, there could be volatility in stock prices based on how markets react to Powell's comments. Investors should remain cautious and monitor Fed communications closely.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.