Kenny Polcari, chief market strategist at SlateStone Wealth, discusses the recent surge of the S&P 500, which added $1.3 trillion in value, which has alleviated some fears of a market sell-off. However, he also notes that concerns about a potential recession still persist beneath the surface.
Positive
The strong performance of the S&P 500 indicates bullish sentiment among investors. However, the ongoing recession fears suggest caution as economic indicators could impact market stability. Companies with strong fundamentals may still perform well despite these fears.
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.