“”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
“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
“This [Moody’s downgrade] is more of a shot across the bow for those investors that are getting complacent within this space”
Analysis-Moody’s warning on US banks a wake-up call for sanguine investors