Stocks Fall Despite Bank Earnings Blowout As Lack Of New Stimulus Weighs On Investor Sentiment

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JPMorgan's chief financial officer said Tuesday morning that the firm remains heavily weighted to economic downside scenarios, as uncertain–especially related to future stimulus–remains high.

Cruise stocks were Tuesday’s among

, with shares of America’s three largest cruise liners falling the most out of any other S&P 500 stocks.The coronavirus pandemic has been a boon for stocks in software, biotech and consumer staples, but it’s been terrible to a bevy of firms reporting this week, particularly in the banking and airline spaces.

 

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This should tell people that the market isn’t about actual business and earnings but on federal reserve policy and things like “stimulus.”

Democrats and Republicans are harming America right now

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European stocks, U.S. futures edge higher on stimulus hopesEuropean stocks traded higher Monday, helped by hopes of further stimulus on both sides of the Atlantic with the autumn spread of the coronavirus... The market just wants to rally. Much of it new, inexperienced investors. This has nothing to do with stimulus, which should have passed months ago. I detest this excuse for a rally!
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