CNBC's "Fast Money" Can Earnings Save Stocks?.... And Gold Glistens To New Highs 4/12/24
Apr 12, 2024
Topics include stock market volatility, record high gold prices, geopolitical tensions impact on market rally, China's crackdown on foreign chips, retail stocks decline, central banks increasing gold reserves, investment strategies for airlines and Starbucks performance amid rising coffee prices.
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Market Turmoil
- The market sell-off added to a rough start to April, breaking five-month winning streaks for major indices.
- The VIX surged, indicating increased market volatility.
Geopolitical Impact
- Geopolitical risks, particularly the potential invasion of Israel by Iran, contributed to the market sell-off.
- The dollar rallied, reflecting a flight to quality amidst uncertainty.
JPMorgan's Drop
- JPMorgan Chase's stock dropped significantly despite a robust net interest income environment.
- Higher funding costs are impacting banks, even with higher interest rates.