Market drivers and top trades: J J Kinahan, CEO of IG North America – Video

J J Kinahan, CEO of IG North America, joins BNN Bloomberg to discuss the day’s market action. He says the biggest change we’ve seen in the markets is on rate cut expectations from the U.S. Fed, which have gone from anticipating up to 6 cuts this year, to hoping for at least two. He says JP Morgan Chase CEO Jamie Dimon’s remarks about potential risks in the economy have heightened uncertainty among investors. He lists their top bullish trades as GE, Newmont Corp. and Meta, and their bearish trades as United Airlines, Boeing and IBM.