How a 'shock and awe' rally could take shape
JPMorgan executive director Adam Crisafulli has high hopes for the stock market, but only if the powers-that-be make the necessary moves.
The Fed still has not decided on the amount of bank reserves that will be held on its balance sheet. Lewis Alexander, chief U.S. economist at Nomura Securities, said reserves are likely to end up at $1.1 trillion from the current level of $1.6 trillion.As for Trump and China, there’s a sense among Wall Street analysts that, even though the president has abandoned plans for new tariffs on Chinese goods, the stock market will suffer if the existing tariffs aren’t removed.
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