Expect the Markets to Cool in the Next Congress: JPMorgan Strategist
The Dow Jones Industrial Average closed 500 points higher on Wednesday, following a Midterm election that returned the U.S. House to Democratic Party control. But Samantha Azzarello, global market strategist for JPMorgan ETFS, told Cheddar not to expect an overheated market in the next Congress. "We're not going to have another pop and another overheating of growth in 2019 and 2020," she said.
For full interview [click here](https://cheddar.com/videos/stocks-rally-after-midterms-elections).
U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates.
Cheddar News' Courtney Sturgeon reports from the Cboe floor with Russell Rhoads, Associate Clinical Professor at Kelley School of Business to break down why option traders should pay close attention to the FOMC meeting on Wednesday and monthly payrolls being released on Friday.
A bipartisan group of two dozen lawmakers is asking the Securities and Exchange Commission to put the brakes on an initial public offering by Chinese fast fashion retailer Shein until it verifies it does not use forced labor from the country’s predominantly Muslim Uyghur population.
Pilots at American Airlines have voted to authorize a strike, and Southwest Airlines pilots are preparing to join them, as unions put more pressure on the airlines to approve new contracts with hefty pay raises.
