“”Powell basically disabused investors that cuts are right around the corner, with ample retread on how far they still are from their price objective”
Market reactions to Powell speech
“Some of the structural aspects for banks, regarding their balance sheet, remain risks to banks, as the Fed continues to try to anchor inflation with higher rates for longer”
Shares of US banks drop after S&P downgrades some ratings
“I think the likelihood of another hike in September is higher than what the market is currently reading”
Dow ends nearly 300 points lower as U.S. stocks fall for 3 straight sessions with rising bond yields weighing on tech stocks
“If Target didn’t have that political snafu, I guess alongside the inventory problem, the stock would be trading much, much higher”
Target sees profit boost on fewer discounts, Pride backlash hurts sales