Feb 2023 CPI at 6%! Bank Stocks & Mkt Rally on 14 Mar 2023?
US Consumer Price Index - Feb 2023 US’s Feb 2023 Consumer Price Index (CPI) data has just been announced. It was a “surprising” 6%. Will this information be music to The Fed’s ears as they prep for the FOMC meeting slated to begin Mar 21-22 ? More importantly, what effect will this piece of “good” news have when the US market begins trading in less than 30 minutes time; after yesterday’s continual fallout from last week’s bank-run inclident. The Silicon Valley Bank (SVB) saga continued to take its toll on the US market on Mon (13 Mar); albeit a milder stance as the FDIC made good its promise to ensure depositors were able to withdraw their deposits. By The Time Market Called It A Day : DJIA : -0.28% (-90.50 to 31,819.14). S&P 500 : -0.15% (-5.83 to 3,855.76). Nasdaq : -0.45% (+49.95 t
Year-end Bonuses Jump 50%?! Global Banks Welcome The Most Bullish Earnings Season
Key points: 1、Five Major BanksGoing To Report Best Performance Since Financial Crisis 2. Three reasons for the record earnings report Season 3.Concerns VS Optimistics,2022 Bank stocks spring outlook Fourth quarter earnings season of US stocks is set to begin in this week, and bank stocks will be the first to hit: $(JPMorgan)$,$( Chase)$, $(Citi)$, $(Wells Fargo)$. Then,$(Goldman Sachs)$, $(Morgan Stanley)$, and$( Bank of America )$will report over the next week. 1、Five Major Banks Going To Report Best Performance Since Financial Crisis According to S&P and Bloomberg estimates,In 2021,the five major banks - $(Goldman Sachs)$, $(JPMorgan Chase)$,$( Morgan Stanley)$, $(Citi)$, and $(Bank of America)$ - are on track to post their best results si