JP Morgan now sees Bank of England delivering 50 bps of interest rate cuts in Q4 2024
- compared to a pause throughout 2024 they had forecast earlier
more to come
JP Morgan now sees Bank of England delivering 50 bps of interest rate cuts in Q4 2024
more to come
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S&P 500 rallies 1.2% on Iran news, but VIX stays high. Valuation at 20.5x earnings, near avg. Risk remains.
LOCO jumps 29% on strong earnings beat; JACK sinks 49% on revenue miss. DNUT up 13%.
FICO scores dip to 714 amid student loan woes. Gen Z sees biggest score drop, but many still aim for 750+.
Oil shock spikes inflation to 3.02%, derailing Fed rate cuts. Shiller P/E at 40+ vs. 17 avg.
Life insurers like FG & JXN beat revenue, but EPS misses hit stocks. UNM, EQH, MET lag on revenue & EPS.
Brent crude tops $100 on Iran supply fears. Traders eye inflation risk as prices rebound post-plunge.
Memory stocks surge on AI demand, showing massive pricing power. HALO trade beats megacap tech.
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