US stocks face further trouble and won't rally until Fed cuts rates: JPMorgan

faces a near-term selloff and likely won't rally until the Federal Reserve starts cutting interest rates, according to JPMorgan's top strategist.

US stocks took a beating on Tuesday after rallying since the start of 2023, as investors grow concerned that stubbornly high inflation will convince the Fed to keep lifting interest rates. The S&P 500 notched itsInflation has been slowing from the 40-year high of 9.1% annualized rate reached last year, but is still way above the Fed's 2% target, .

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock-market rally could peak before first quarter is over, say JPMorgan strategistsStock-market bulls awaiting the next leg of the rally are setting themselves up for disappointment, say strategists at JPMorgan Chase & Co.
Source: MarketWatch - 🏆 3. / 97 Read more »

JPMorgan says Q1 could mark high point for stocks in 2023, sees warning signs mountingFurther gains will be harder to come by as warning signs continue to mount, JPMorgan strategist Mislav Matejka said in a Monday note. LiveSquawk The big banks really want to see the markets fall. They can’t stop talking about this. LiveSquawk 🤣
Source: CNBC - 🏆 12. / 72 Read more »