Kenny Polcari, Chief Market Strategist at Slatestone Wealth, discusses the recent market rally influenced by the latest inflation report and mentions Jamie Dimon's caution regarding geopolitical risks. He suggests that the belief that the Federal Reserve has successfully implemented a 'soft landing' for the economy is gaining traction among investors.
Positive
Investors are likely viewing the signs of a 'soft landing' positively, suggesting that economic conditions may stabilize without a recession, which can drive equity prices higher.
Negative
Geopolitical risks highlighted by Jamie Dimon could introduce volatility into the markets. If tensions escalate, stocks may face downward pressure.
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.