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-0.000594618700758161 -0.000743273375947702 -0.0014369951934988 0.00128834051830926 -0.00312174817898021 -0.0059957385659778 -0.00688766661711504 -0.00989247311827954
Stock impact report

Don't Buy Into The Financials Sector Amid A Weakening Economy [Seeking Alpha]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Seeking Alpha
Don't Buy Into The Financials Sector Amid A Weakening Economy Summary The Financials sector has delivered a 12.06% return YTD, after having become very cheap following the Q4 2018 slump. A dovish Fed this year had eased economic concerns somewhat, which helped the equity market, particularly cyclical sectors, rally higher. The earnings outlook for the Financials sector has deteriorated amid a weakening economy, while recession fears still remain present. The Financials sector has rallied by 12.06% since the start of this year, roughly in line with the S&P 500’s 12.99% return over the same period (at time of writing). The sector holds a 13.24% weighting in the broader S&P 500 index, and is considered one of the most sensitive sectors to changes in interest rates, the yield curve, and economic conditions. Hence amid weakening economic conditions and a potential recession ahead, the sustainability of this rally is questionable. Source: Fidelity How does the Financials sector perform duri Show less Read more
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