Daily Brief Financials: JM Financial, Nikkei 225, CAD and more

• JM Financial has decadal experience of being the powerhouse of financial services giant. 
• The company has been a bad capital allocator for the years and hence could not participate in the mega bull run.  
• What makes it interesting is a company is changing its strategy of capital allocation while cherry on the cake is attractive valuations and promoter buying.

• Although the Nikkei 225 INDEX was rallying strong early in the year, from mid-March the rally started to falter, and after a fake recovery into July, it fell again, lower.
• Should the index go lower from last week’s Close at 36581.76, the next paragraphs of this insight will indicate what price levels are strong support to buy.
• The only doubt we have is that the index’s overall trend does not look good. A correction to 33000 (or lower) is a possibility – a negative YEARLY performance.

• Market pricing suggests nearly a 50% chance of a 50 basis point cut by the Fed, leading to uncertainty in the market.
• The direction of the Fed’s policy is clear regardless of the cut amount, with aggressive easing likely to continue throughout the year.
• Concerns about labor market weakness in Canada have prompted the Bank of Canada to shift its focus from inflation to potential weakening in economic activity.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.