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FBC After The Bell July 14, 2024

Ending lower. We have a lot of time to throw the blame around. Edward lawrence is at the white house. Deirdre, you get to go first with perspective for us. Dierdre 800 points down, we closed as you just said, at session lows. A wipeout day. No other way to say it. If you look at the Dow Jones Industrial average. The financials fell hard, goldman sachs, jpmorgan action. We have been talking about the inverted yield curve. Its showing brass tacks take away. Investors are more optimistic on the near term than the long term. That drove a lot of the selling and activity we saw in the bond market including buying so much into the 30 years that we saw the yields at never before. It showed up in financials, as we just covered on the dow. If you take a look at the other sectors, macys as well. You have been covering this from an earnings angle. This year will be a disappointment to investors. I heard melissa say she is on pace. If yo ....

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