Joel Elconin – Fed Hikes As Expected, Earnings Recap and The Is The Goldilocks Scenario For Stocks Finally Stretched?
Cory
July 26, 2023
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap the Fed rate hike, some key earnings and the markets ability to continue to rise.
In talking earnings we focus on the banks and lending environment. Carrying this over to the markets we are continuing to see money spread out among stocks and note that volumes have also been higher then pre-pandemic levels.
Banking Sector
Commodities
Earnings Season
Fed policy
Financial Sector
Joel Elconin
US Equity Markets
Discussion
1 Comment
Jul 26, 2023 26:08 PM
Fed’s Powell: ‘Things have settled down’ after regional bank crisis’
Jennifer Schonberger · Senior Reporter Yahoo Finance – Wed, July 26, 2023
Federal Reserve Chairman Jerome Powell said “things have settled down” among regional banks since the upheaval in the industry earlier this year.
“Deposit outflows have ‘stabilized’ and capital and liquidity are ‘strong,’ he said at a press conference after the Fed raised the target range for its benchmark interest rate by 0.25% on Wednesday and left the door open to more rate hikes.
Bank profits “generally are coming in strong this quarter and overall the banking system remains strong and resilient…”
https://finance.yahoo.com/news/feds-powell-things-have-settled-down-after-regional-bank-crisis-195427370.html