$JPMorgan Chase(JPM)$$Bank of America(BAC)$banking stocks fell. I was wondering why. Heres the root cause - yeild curve inversion.
The complex problem is getting more complex.
First, recovery from pandemic kicked off higher job rate then inflation, fed rate hike, war, more jobs, more inflation, fed planning to double up the rate hike, still more inflation and suddenly this yield curve inversion which is early sign of recession.
Fed rate hike supposed to rally banking stocks now are in doldrums due to talk of recession. Mega melodrama intensifies. Crazy year indeed. Just be careful.
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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