Wall Street Breakfast FM-Radio | August 9, 2024
Understand the global market in five minutes, all on Financial Breakfast.
Truist Reinstates Tech Sector to Overweight Status After Sharp Selloff
Emerging markets stock market continues to suffer from bleeding, Vanguard etf has experienced the longest withdrawal since the outbreak.
As of this Wednesday, the largest investment in individual stocks, Taiwan Semiconductor, has seen continuous net outflows of funds for 10 trading days for the Vanguard Emerging Markets ETF (VWO), with investors withdrawing a total of 2.12 billion US dollars. However, analysts have been raising profit expectations for MSCI Emerging Markets Index component stocks for nine consecutive weeks.
Jpmorgan: If there is no urgency for the Federal Reserve to relax monetary policy, US stocks still face risks.
JPMorgan's newly appointed market strategy director stated that the US stock market is no longer a one-sided upward trend, but rather a growing number of two-sided trends. The recent rotation of stocks appears to be closing out cycles rather than the beginning of trend-selling over the entire cycle. Kolanovic was JPMorgan's former market strategy director who left in July. An analysis article by Wall Street News pointed out that his departure might not be good news for the US stock market.
Express News | Fed's Goolsbee Says We Are Getting Back To More Normal Conditions In The US Economy
S&P 500 Closes 2.3% Higher, Notches Best Session Since January 2023: Fed's Barkin Downplays Unemployment Concerns
