US Banks will continue to perform well this quarter even with rate cuts of another 50 basis points. We must take note that almost every Presidential election year, the market n economy gets a boost from across both political spectrum so as to seek their return to power. The economy is the most important factor and having a tamed inflation gives more room for the economy to expand and bring more profits to the banking businesses. This bottomline supported better earnings outcome.
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Harris / Trump debate coming soon in 9 minutes time.
$Palantir (PLTR.US)$ over reaction to the earnings result and maybe a good opportunity to pick up the bounce!
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