The conditions needed for a stock market bottom are forming, as investors get overly bearish, JP Morgan says.
Matthew Fox Business Insider September 26, 2022 Conditions are forming that suggest a stock market bottom could be near, JPMorgan’s Marko Kolanovic said. Kolanovic said the ongoing sell-off in stocks has been driven by an extremely hawkish Fed. Peaking inflation, extremely depressed investor positioning, and attractive valuations give Kolanovic confidence in his view. The more […]
Morgan Stanley says the S&P 500 is set for a comeback by year-end. These are its top stock picks
Source: Reuters PUBLISHED WED, SEP 14 20228:25 PM EDT Buy fear and sell greed’: Morgan Stanley portfolio manager picks these stocks to buy U.S. markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of […]
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
PUBLISHED MON, SEP 12 20227:46 PM EDT Source: CNBC by Stephanie Landsman Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch a powerful market breakout. “This is actually what’s being priced into the market […]
S&P 500 Earnings During Recessions
Published 09/13/22 Source: Bloomberg by Gina Martin Adams and Gillian Wolff Recent recession experiences have led most to believe that S&P 500 earnings are likely to get crushed in response to higher interest rates, but an examination of longer-term history shows earnings declines vary extensively. Without clear economic excesses to be resolved, the consensus for […]
How the Ukraine Offensive Will Shift the Market Narrative
Monday, September 12, 2022 12:43 AM Source: Bloomberg by John Authers The Ukrainian armed forces appear (and I emphasize appear) to have taught the rest of the world yet another lesson in the need to be cautious about knowing what we know. If the reports of the last few days are correct, then the chances of a Ukrainian […]
Treasuries Suggest Fed Can Tame Inflation Without Killing Growth
Saturday, September 10, 2022 04:00 PM Source: Bloomberg by Michael Mackenzie The bond market is signaling that in the matter of the Federal Reserve versus inflation, its money is on the US central bank. Demand for inflation protection — as measured by yields on inflation-protected Treasury debt — keeps falling. The five-year expected inflation rate […]
Apple IPhone Pre-Order Data Points to Strong Demand: Street Wrap
Monday, September 12, 2022 09:35 AM Source: Bloomberg: by Ryan Vlastelica Apple analysts are positive on the company as pre-order data for the latest versions of its iPhone point to strong interest and demand. Shares up 1.7%, with the stock outperforming other major technology and internet stocks. The Nasdaq 100 is up 0.7%. JPMorgan (overweight, […]
US INSIGHT: Recession Risk Remains at 30% in Next 12 Months
Wednesday, September 7, 2022 05:03 PM Source: Bloomberg by Eliza Winger (Economist) The inversion of the 10-year/2-year yield curve steepened in the past month, while macroeconomic data mostly surprised to the upside, suggesting resilience in the economy’s underlying growth momentum. On net, Bloomberg Economics’ model points to a 30% chance of recession in the next […]
Nobel Prize-winning economist says he doesn’t see anything that resembles a recession in the U.S.
PUBLISHED THU, AUG 25 20229:27 AM EDT Source: CNBC by Jenni Reid Nobel Prize-winning economist Richard Thaler says the U.S. may have recorded two successive quarters of economic contraction, but it’s “just funny” to describe it as being a recession. “I don’t see anything that resembles a recession. We have record low unemployment, record high […]
US Consumers Show Signs of Resilience Despite Raging Inflation
Wednesday, August 17, 2022 09:56 AM Source: By Reade Pickert and Brendan Case US consumers are standing firm in the face of hot inflation and rising interest rates — even if they’re spending with a little less gusto and a lot more frustration. Retail sales excluding a price-induced drop in gas station receipts and a drop […]