Updates

US WEEK AHEAD: Resilient Spending Takes On Souring Sentiment

May 23rd, 2022|

Monday, May 23, 2022 06:01 AM By Anna Wong (Economist), Yelena Shulyatyeva (Economist), Andrew Husby (Economist) and Eliza Winger (Economist) (Bloomberg Economics) -- Doom-and-gloom talk prevailed as stock markets plunged last week. The pessimism seems to be driven by fears the days of booming corporate profits are over as consumers ease up on spending. Adding to that, FOMC participants’ hawkish

JPMorgan Says Stocks Can Recover on $250 Billion Rebalance Flow

May 23rd, 2022|

Monday, May 23, 2022 07:06 AM By Denitsa Tsekova Big funds to boost equities to bring allocations back in line Optimistic scenario seen driving stocks away from bear market (Bloomberg) -- The world’s biggest money managers look poised to revive wilting stocks with $250 billion of investments that could spark buying by quant-momentum traders -- adding

Dimon Says ‘Storm Clouds’ Over the US Economy May Dissipate

May 23rd, 2022|

Monday, May 23, 2022 06:45 AM By Hannah Levitt Recession is possible, but would be unlike others, CEO says JPMorgan raises estimate for NII as investor day kicks off (Bloomberg) -- Jamie Dimon said the U.S. economy remains strong, and potential obstacles to growth are not set in stone. “Strong economy, big storm clouds,” the JPMorgan Chase &

JPMorgan’s Kolanovic Says Stocks ‘Can Climb Out of This Hole’

May 19th, 2022|

Wednesday, May 18, 2022 07:29 PM By Joanna Ossinger Strategist believes there will be no recession this year ‘I almost refuse to talk about ‘where should I buy S&P?’” (Bloomberg) -- Marko Kolanovic is resolute that things can get better for U.S. stocks as the year progresses, even with the S&P 500 tumbling and bullish catalysts seeming rare these days. “We

Goldman, JPMorgan Strategists See Recession Fears as Overblown

May 19th, 2022|

Thursday, May 19, 2022 05:01 AM By Sagarika Jaisinghani, Ishika Mookerjee and Abhishek Vishnoi Market is pricing a recession, but it’s not inevitable: Kostin Other strategists see stock slump as only just beginning (Bloomberg) -- Doom and gloom on the outlook for the US economy and its stock market may have gone too far, according to some top Wall

Shanghai targets June COVID lockdown exit as China economy slumps

May 18th, 2022|

Reuters May 16, 20225:23 AM PDT By Brenda Goh and Kevin Yao Shanghai aims for return to normal from June 1 City's residents frustrated with shifting schedules China's retail sales, industrial output plunge in April SHANGHAI/BEIJING, May 16 (Reuters) - Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has

Strategists’ S&P 500 Index Estimates for Year-End 2022

May 18th, 2022|

Wednesday, May 18, 2022 09:12 AM By Lu Wang (Bloomberg) -- The table presents estimates from strategists for where the S&P 500 Index will finish 2022 and how much profit companies will generate. S&P 500 Index 2022 Close 2022 EPS Average 4,743 $228 Median 4,800 $227 High 5,330 $245 Low 3,900 $212 No. of replies 23

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