Jack Caffrey

Jack Caffrey, an Equity Portfolio Manager at JPMorgan Asset Management, joins Lauren Goodwin, Chief Market Strategist/Economist at NY Life Insurance, to discuss the current stock market surge fueled by strong corporate earnings and anticipated rate cuts. They delve into the impact of tariffs on smaller businesses and the complexities of inflation and job creation. The duo also debates the reliability of economic indicators amidst political uncertainties, offering insights into navigating financial trends and crafting effective investment strategies.

Scott Bessent, Treasury Secretary of the United States, discusses President Trump's economic priorities and the future of Fed Chair Jay Powell. Howard Lutnick, Commerce Secretary, shares insights on negotiating trade deals with Japan as the August 1 deadline approaches. Jack Caffrey, Portfolio Manager at JPMorgan, provides an equity outlook focusing on tariffs and trade clarity. The conversation navigates the complexities of trade strategies and the implications for U.S. economic growth, with a particular emphasis on international relations.

Holiday rally in equity market; latest in Israel-Hamas war; busy travel season amid uncertainty in airline industry; Fed unlikely to cut rates until after US election; chaotic week for OpenAI founder and Nvidia's earnings report