Are We Headed For A 100-Basis Points Rate Hike?
If the Fed does raise interest rates by 100 basis points, we could see a global slowdown hurt the likes of JPM more than the other banks during this next quarter. Will we see this story play out during the rest of earnings where business-to-business companies are losers while consumer-related businesses squeak by?
Are We Headed For A 100-Basis Points Rate Hike?
July 18th, 2022 Are We Headed For A 100-Basis Points Rate Hike? Sometimes you have to admit that you’re wrong, and I was wrong about the banks. After JP Morgan (JPM) announced earnings and fell to new lows, I thought the writing was on the wall for the other bank stocks, but Citigroup (C) announced […]