JPMORGAN MAPS FED DAY: STOCKS COULD SWING 2%
JPMorgan says Fed communication could determine whether stocks rally or sell off after today’s widely expected 25bp hike.
A standard hike with limited guidance could lift the S&P 500 0.25%–0.75%, while a hike paired with a stronger inflation-fighting signal could drive gains of 0.5%–1%. A surprise hold could send stocks down 1.25%–1.75% as long-term yields rise.
The biggest risk is guidance suggesting rates must remain “materially higher” to defeat inflation. JPMorgan estimates that could trigger a 1%–2% S&P 500 decline, potentially threatening the current rally.
Market maps are primarily for vanity (founders), show you are “early” (LPs) , and to convince your fund-mates you have thought leadership..
No successful investor (or founder) I have met has ever found it useful to date.
Google Maps users in the United States will now see the name “Lake America” instead of “Lake Ontario,” the company said on Saturday, two days after President Donald Trump signed an executive order renaming the body of water amid an ongoing trade war with Canada.
Google Maps has changed the name of Lake Ontario to ‘Lake America’ for users in the United States, following an executive order by President Trump. The change applies only to US map users and does not affect Canadian naming conventions