Jp Morgan: Wall Street and Interest Rates

jp morgan: Growing expectations that the Federal Reserve will cut interest rates this year also helped all three major benchmarks to set record closes, according to Market Watch. But JP Morgan has told clients to build up a balanced portfolio as the outcome of the trade dispute between the world's two largest economies remains up in the air. Wall Street closed at record highs on Wednesday ahead of the Fourth of July holiday following a trade war truce between the U.S. and China at the weekend. China Commerce Ministry spokesman Gao Feng confirmed the two nations had restarted negotiations on Thursday but warned existing U.S. tariffs would have to be scrapped for a deal to be struck, signaling the potential hurdles in the talks ahead. A large part of the answer to that dilemma unfortunately lies with what happens with trade where there is very limited visibility, he said. The asset manager's global market strategist Mike Bell said the dilemma for investors was whether prospective rate cuts would extend the economic cycle or be too little too late leading to an economic downturn. (news.financializer.com). As reported in the news.