There’s a growing wall of worry developing for stocks to climb, says Deutsche Bank

Is Wall Street ready to break a five-session losing streak? Stock futures say yes, though, they’ve let us down before .That’s as September is so far shaping up just as many pundits predicted — dogged by seasonal weakness, plus the ongoing pandemic fallout.

But as Deutsche Bank strategist Jim Reid and research analyst Karthik Nagalingam, also pose the question : “Are too many expecting it will happen”? The bank’s chief strategist Binky Chadha last week warned of a “hard correction,” amid ever-rising valuations, amid caution from other big banks. Read: The $1 trillion that has flowed to global stocks in 2021 is bigger than the last 20 years combined

Apple AAPL, -3.31% may be hoping to turn the focus away from a heated legal battle to its annual fall event on Tuesday, where the iPhone 13 and other gadgets are expected to be revealed. Epic Games plans to appeal last week’s ruling that fell short of calling the tech giant’s App Store a monopoly. The maker of the Fortnite videogame achieved one court victory after a judge ruled that the iPhone maker can’t force developers to use its payments system.

The chart European gas futures have been tearing higher recently, due to shortages from Norway and Russia. Our chart of the day comes from Goldman Sachs, which warns of such a scenario repeating across global commodities, as investors remain underinvested.

AYA fintech network platform provides proprietary alpha stock signals and social finance tools for U.S. stocks such as Facebook, Apple, Microsoft, Google, Amazon, Nvidia, and Tesla (FAMGANT).

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Investors are expecting a pullback for stocks before year-end, Deutsche survey showsDeutsche Bank survey showed that 58% of respondents are expecting a correction between 5% and 10% before the new year. I call B.S.
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