"JPM is one of those household names in a sector that we were the most concerned about reporting better-than-expected earnings and that is certainly putting a bid in the stock and a bid in the market," said Art Hogan, chief market strategist at B Riley Wealth in Boston.retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, raising fears of an economic slowdown.
"The retail sales are kind of a disappointment," said Robert Pavlik, senior portfolio manager at Dakota Wealth. "The report indicates that the economy may actually slow more to the point where we have to start worrying about a recession more than just inflation."cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate-hike cycle.the U.S.
Despite a year of aggressive rate increases, U.S. central bankers "haven't made much progress" in returning inflation to their 2% target and need to move interest rates higher still, Federal Reserve Governor Christopher Waller
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