Experts discussed the recent downturn in US stock futures following the ABC News Presidential Debate, where Kamala Harris was perceived as the winner. They linked market reactions to concerns over inflation and the implications of the debate outcome, suggesting that changes in political leadership might create uncertainty for businesses and investors, leading to a negative market sentiment.
Negative
The stock market may continue to face pressure due to rising inflation fears following the debate results, with investors concerned about potential policy shifts that could impact economic recovery. It is advisable to exercise caution in investments in sectors sensitive to inflation.
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.