Green finish for US indices today. JPM results were not so bad but we got their view of the economy. Looks like stock bargain hunters decided to do some buying anyway perhaps because JPM's CEO mentioned (I'm paraphrasing here) that he was not predicting a recession albeit it was possible and that he hoped that Federal Reserve will try to find a soft landing for the economy if it was possible. Another important earnings that we will see tomorrow is from TSMC. That should give us the view of the semiconductor industry.
On the SPOT blog (04/13/2022) [M..]
Updated: Aug 31, 2022