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JPMorgan Strategist: Financials Could Boom In The Second Half Of 2026 If Job Growth Keeps Accelerating
24/7 Wall St.39d agoneutral
JPMorgan Strategist: Financials Could Boom In The Second Half Of 2026 If Job Growth Keeps Accelerating

The first half of 2026 belonged to artificial intelligence, but Gabriela Santos, Chief Market Strategist for the Americas at JPMorgan Asset Management, believes the second half of the year could look very different. Speaking recently on CNBC, Santos argued that the market’s gains in the first half of the year have been driven by a ... JPMorgan Strategist: Financials Could Boom In The Second Half Of 2026 If Job Growth Keeps Accelerating

The Dow’s Biggest Stock Is Today’s Biggest Drag
Barrons.com39d agoneutral
The Dow’s Biggest Stock Is Today’s Biggest Drag

The Dow would be up nearly 500 points if it weren’t for Caterpillar. Instead, the blue-chip index was up just 44 points, or 0.1%. The S&P 500 was flat. The Nasdaq was down 0.3%. Despite what the big three indexes are saying, most stocks were actually doing quite well on Wednesday.

A Third-Quarter Tech Rotation: Meta Advances While Semiconductor Stocks Slide
Barrons.com39d agoneutral
A Third-Quarter Tech Rotation: Meta Advances While Semiconductor Stocks Slide

The artificial intelligence trade, which has powered by the lion’s share of stock performance and corporate profit growth this year, hit a snag on Wednesday amid reports that Meta Platforms is ready to challenge the market’s key players just as investors worry that cheaper China-based versions could unsettle the market’s hottest bet over the back half of the year. “The Magnificent Seven aren’t broken, they are evolving,” said Jay Woods, chief market strategist at Freedom Capital Markets.

U.S. Creates 1,200 Millionaires Per Day
24/7 Wall St.39d agoneutral
U.S. Creates 1,200 Millionaires Per Day

UBS has released its “Global Wealth Report 2026.” Among the headline conclusions was that “Nearly one million new millionaires were created in 2025, with the United States accounting for almost half of this growth, with more than 1,200 new millionaires emerging every day. “ The report also showed that the U.S. added 400,000 millionaires last ... U.S. Creates 1,200 Millionaires Per Day

JEPI’s 8.4% Yield Masks a Tax Trap: SPYI Delivers 65% More Cash to Retirees in High Brackets
24/7 Wall St.39d agoneutral
JEPI’s 8.4% Yield Masks a Tax Trap: SPYI Delivers 65% More Cash to Retirees in High Brackets

The pitch for JPMorgan Equity Premium Income ETF (NYSEARCA: JEPI) has always been monthly cash flow and lower volatility than the S&P 500. For a retiree holding $200,000 of JEPI in a taxable brokerage account, the cash is real, but the tax bill is too. Most of JEPI’s distribution is recognized as ordinary income under its ... JEPI’s 8.4% Yield Masks a Tax Trap: SPYI Delivers 65% More Cash to Retirees in High Brackets

3 Reasons to Avoid FBRT and 1 Stock to Buy Instead
StockStory39d agobullish
3 Reasons to Avoid FBRT and 1 Stock to Buy Instead

Over the past six months, Franklin BSP Realty Trust’s shares (currently trading at $8.15) have posted a disappointing 19.4% loss, well below the S&P 500’s 8.5% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.