Stocks fall as JPMorgan warning helps send banks lower

28-year-old Dominic Green signed out of his shift on a Wednesday afternoon. Five days passed before his body was discovered.

Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be“We went into this week feeling that the Fed would make a move significant enough to show it had more control” in fighting inflation, said Greg Bassuk, CEO at AXS Investments. “A meaty Fed rate hike alone does not rule out an opportunity for a soft landing, but the window is shrinking.”

Investors have grown increasingly worried as retail sales and other data point to an economy already slowing. That could make it more difficult for the Fed to make a so-called “soft landing,” in which it raises rates just enough to cool inflation without causing a recession. Concerns about the Fed’s rate increases have prompted Bank of America to forecast a mild recession hitting the economy in the second half of the year and more pain for traders. The benchmark S&P 500 index has already slumped into a bear market, down 20% from its most recent high in January, and probably hasn’t hit bottom yet, according to the bank.

Investors are will get a clearer picture in the coming weeks about how badly inflation is hurting companies. Several more banks are on deck to report earnings Friday, including Citigroup and Wells Fargo, along with insurer UnitedHealth Group.

Great stock buying opportunities! Smart people BUY. DDAIF $50.10. Ford $10.90. Hold off on Disney until it drops to $65. When the Fed raises the rate again and stocks plummet, BUY all of the bargains! LaughingAllTheWayToEarlyRetirement

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