JPMorgan Chase Market News United States wall street 

Huge $591 Billion Cash Pile Adds Sizzle to Stock Market Rally

The U.S. stock market continues to climb despite record-high levels of cash hoarding among institutions. Bank of America reveals hedge funds holdings an eye-popping $591 billion as investors focus on low-risk bonds and cash. When the floodgates open, it may trigger a renewed bull market entering the second half of 2020. The U.S. stock market is climbing despite ongoing riots, geopolitical risks, and uncertainty surrounding the pandemic. JPMorgan’s new data suggests the arsenal of investors is far from running out. The Dow Jones Industrial Average (DJIA) recorded a 91-point gain…

Read More
Housing Market JPMorgan Chase National Association of Realtors Op-ed 

You’ll Never Guess Who Boomers Will Blame for the Next Housing Crisis

Mortgage applications have risen in recent weeks as mortgage rates hit record lows. Millennials can’t afford to buy a house as many of them are struggling financially. The housing market probably won’t recover as fast as expected. The pandemic has hit the U.S. economy hard, and chances of a V-shaped recovery are minimal. The housing market has been hit too. Mortgage applications plunged in the wake of lockdowns. Existing homes sales fell 25% between February and April. New homes sales were somewhat more resilient, falling 16% over the same period,…

Read More