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JPMorgan just sent stock market investors a signal worth watching
TheStreet7d agoneutral
JPMorgan just sent stock market investors a signal worth watching

CNBC released a podcast interview with Jamie Dimon on July 21. He said he would not buy U.S. stocks or long-dated Treasurys at current prices. He said the market was underpricing risk and that investors were too comfortable. Six days later, JPMorgan's own trading desk published a note saying the ...

Fed Holds but Warsh Hobbles Market
The Wall Street Journal7d agoneutral
Fed Holds but Warsh Hobbles Market

The Fed held rates steady, over the objections of three bank presidents that voted for a quarter-point rate hike. It was the first time since 2016 where three officials dissented in the same direction, reflecting growing pressure within the Fed to act on inflation. In a press conference, Chairman Kevin Warsh said that interest rates have already gone up in recent months because Treasury yields have risen.

Dow Falls 1,000 Points as Tech Selling Picks Back Up
Barrons.com7d agobearish
Dow Falls 1,000 Points as Tech Selling Picks Back Up

After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.

S&P 500 Back Down After Warsh Wraps Presser
Barrons.com7d agoneutral
S&P 500 Back Down After Warsh Wraps Presser

The S&P 500 and Nasdaq Composite were struggling to hold onto gains as after Fed Chairman Kevin Warsh took questions from reporters. The S&P 500 was back down 0.2% after briefly popping during Warsh’s presser. The Nasdaq was up just 0.1%.

S&P 500 Mounting Biggest Fed Day Comeback Since 2003
Barrons.com7d agoneutral
S&P 500 Mounting Biggest Fed Day Comeback Since 2003

The Nasdaq Composite is mounting its biggest comeback on a Federal Reserve decision day in more than four years. The tech-heavy index was up 0.4% as Fed Chairman Kevin Warsh took questions from reporters. It was down nearly 1.6% at its low today; if it closes higher, it would mark its biggest reversal from an intraday low to positive territory on a Fed decision day since May 4, 2022, according to Dow Jones Market Data.

S&P 500 Poised for Biggest Fed-Day Reversal Since 2003
The Wall Street Journal7d agoneutral
S&P 500 Poised for Biggest Fed-Day Reversal Since 2003

The S&P 500 is trading up around 0.1%, erasing a decline of 1.2% at today’s low. The move came as Fed Chairman Kevin Warsh takes questions from reporters. If the index closes in positive terriory, it will be the biggest reversal into positive terriotry on a Fed decision-day since 2003, according to Dow Jones Market Data.