Inflation Jitters Slam Stocks Despite Solid Bank Earnings

• Core consumer prices rose 3.5% over past 12 months, higher than expected, raising concerns about persistent inflation • Probability of 3+ interest rate cuts this year has fallen to 28% from 68% a month ago due to inflation worries • JPMorgan Chase stock fell 6.47% despite solid quarterly results, as investors focused on bank's neutral outlook • Inflation and rate hike fears may continue to pressure stocks this week as narrative of "stickier" inflation takes hold • With negative sentiment, long-term investors can buy quality names at attractive valuations, but need valuation research to anchor decisions