The Trading Floor: US Stock Sector Rotation & Big Bank Earnings Explained

On Thursday, US inflation dropped to 3% in June, leading to increased bets on interest rate cuts.As such, the Russell 2000 outperformed the Nasdaq 100 by 5.8 percentage points, signaling a rotation out of tech megacaps. Discover the winners and losers in this market shift.Meanwhile, J.P. Morgan, Citi, and Wells Fargo kick off bank earnings season. Investment bank fees are smashing forecasts but it's not all plain sailing for some of the biggest banks on Wall Street.Tune in now to find out why!*****Want to get practical experience in markets or asset management this summer? Join our free Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator Hosted on Acast. See acast.com/privacy for more information.