The risk of a crisis over the next 6 to 12 months is rising as high rates bite and the stock market's AI rally fades, JPMorgan's quant chief says

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

While Kolanovic has been bearish on the stock market all year, he highlighted two things that need to happen for him to turn more bullish.

Doctor: Your Hair Will Grow Like Crazy Stock market today: World shares surge after Wall St gains on signs the US jobs market is cooling

Stocks were higher in Europe and Asia on Monday following a report that signaled the US jobs market, while still healthy, shows some signs of cooling, raising hopes for an easing of interest rate hikes. Germany's DAX advanced 0.7% to 15,949.69 and the CAC 40 in Paris picked up 0.8% to 7,354.96. In London, the FTSE 100 was up 0.8% at 7,522.38. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. U.S. markets will be closed for the Labor Day holiday.

Calgary mortgage broker Max Singh says it's like running full tilt, but getting nowhere. A financial morass where you can't get break free."You're not moving forward with your financial picture," said Singh.Singh, who's been in the financial services sector for 20 years and a mortgage broker in Calgary for the past nine, says he's seeing more clients accept longer amortization periods to lower their borrowing costs.Thirty-year terms, even 35.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

JPMorgan Analyst Sounds Deflation Warning for Grocery StocksThe potential for lower food prices in Europe is reason to be cautious on the grocery sector, according to JPMorgan Chase & Co. analyst Borja Olcese.
Source: BNNBloomberg - 🏆 83. / 50 Read more »