Jibaban
04-28

Great article, would you like to share it?

@Aqa：
Since the Federal Reserve Chairman Powell indicated that the interest rate cut will come later than expected, the stock market has continued to decline amid multiple bearish news. The Fear & Greed Index has shifted from “greed” a month ago to “fear”. The American bank stocks have fared poorly. Except for $Goldman Sachs(GS)$ and $Morgan Stanley(MS)$ , most of major banks missed their estimates and declined after earnings. $JPMorgan Chase(JPM)$ fell the most, declining by over 6% in response to disappointing net interest income. $Wells Fargo(WFC)$ , $Citigroup(C)$ , $Bank of America(BAC)$ also followed the downtrend. My strategy is to buy low this earning season. Take a que from Singapore banks’ stock all breaking out and jump higher these days.
Since the Federal Reserve Chairman Powell indicated that the interest rate cut will come later than expected, the stock market has continued to decline amid multiple bearish news. The Fear & Greed Index has shifted from “greed” a month ago to “fear”. The American bank stocks have fared poorly. Except for $Goldman Sachs(GS)$ and $Morgan Stanley(MS)$ , most of major banks missed their estimates and declined after earnings. $JPMorgan Chase(JPM)$ fell the most, declining by over 6% in response to disappointing net interest income. $Wells Fargo(WFC)$ , $Citigroup(C)$ , $Bank of America(BAC)$ also followed the downtrend. My strategy is to buy low this earning season. Take a que from Singapore banks’ stock all breaking out and jump higher these days.

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  • Aqa
    ·04-28
    Thanks for sharing!
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