US Stock Sector Rotation & Big Bank Earnings Explained

On Thursday, US inflation dropped to 3% in June, leading to increased bets on interest rate cuts. As such, the Russell 2000 outperformed the Nasdaq 100 by 5.8 percentage points, signaling a rotation out of tech megacaps.
Discover the winners and losers in this market shift as Piers Curran expertly breaks down the major macro theme of the week.
Meanwhile, J.P. Morgan, Citi, and Wells Fargo kicked off bank earnings season.
Investment bank fees are smashing forecasts but it's not all plain sailing for some of the biggest banks on Wall Street.
Tune in now to find out why!
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[@remiewatkins8032]

Awesome job Guys as always thanks so much

[@rolandschroeder7569]

How can big, major banks show so much profits when they have $600+ billion (B) in "unrealized losses" on their books from their losses from their long term bond portfolios and now non-preforming mortgage? How does the FDIC advise the banks to treat these bond losses? Are the bonds assets and valued at purchased price until they mature in 10-20 years?