Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Summary: US earnings season has started with major banks beating expectations in net interest income growth. JP Morgan stood out as the winner and acquired troubled bank First Republic Bank. Banks relying on trading and investment banking income, like Citigroup, struggled. Smaller regional banks face challenges due to outflows in consumer deposits. Despite concerns, JP Morgan's CEO remains optimistic about the US economy.
Equity outlook: The high cost of global fragmentation for US portfolios
Commodity Outlook: Commodities rally despite global uncertainty