Jamie Cox from Harris Financial Group has expressed concerns that there won't be as many interest rate cuts as the market might need this year. He also provided insights into monetary policy and offered an outlook on oil prices, indicating a cautious stance amidst current economic conditions.
Negative
Given the expected restraint on interest rate cuts, financial stocks may face pressure due to the potential for prolonged higher rates. Additionally, with oil prices potentially remaining stable or increasing due to economic slowdowns, energy stocks might benefit. Overall, cautious sentiment around the economy suggests a mixed outlook.
Positive
On the other hand, oil prices may see upward pressure which could benefit oil and gas companies, especially if economic conditions remain stable. Investors may consider ETFs or stocks focused on the energy sector due to potential gains in a rising price environment.
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.