JPMorgan Chase analysts predicted in a Thursday note, despite a steady pace of mildly encouraging data indicating softening inflation and an impending slowdown in the Federal Reserve’s most aggressive tactics in recent weeks.The JPMorgan team, led by Dubravko Lakos-Bujas, wrote it expects the S&P 500 to “re-test this year’s lows” in the first half of 2023, implying a 14% decline for the S&P from its Thursday level.
The bank cited a “proverbial snowball” of high borrowing costs, a deterioration in consumer savings and a rise in unemployment will contribute to the market’s poor start. But that stream of bad news should then inspire a Fed pivot to lower interest rates, according to JPMorgan, predicting the S&P will end next year at 4,200, a modest 3.6% gain from where it currently stands.
Several other banks also expect a tepid beginning to 2023 for the market, with UBS strategists predicting last month a “base-case” scenario of 3,700 for the S&P by next June, implying 9% downside, while Goldman Sachs analysts noted Monday the market is currently baking in only an 11% chance of a recession over the next year, compared to a 39% probability in Goldman’s market-based recession model.
Predictably, all eyes will continue to be on the Fed, which is largely expected to raise the federal funds rate a further 100 basis points in coming months, with JPMorgan analysts writing their forecast “largely depend[s] on the depth and length of the recession and the speed of the Fed’s counter-response.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Thank Biden.
Time to buy J.P. Morgan says
It means do the opposite
Most Americans don't give a shit.
Says jpmorgan
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tesla market cap set to fall below Walmart and JPMorgan Chase, to sit just above NvidiaAnother selloff in Tesla Inc.’s stock on Tuesday, toward a more than two-year low, could drop the electric vehicle maker down to 13th on the list of most... Let it burn $90 - $70 here we come 🚨 Reality strikes.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »
Christmas observed Monday by USPS, stock market and banks, but stores open for salesThe day after Christmas looks a little different this year since the holiday fell on a Sunday. If Ukraine goes after Moscow and cuts their lights this whole thing would be over quicker. Russian people would wake up
Fuente: axios - 🏆 302. / 63 Leer más »
5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Fuente: CNBC - 🏆 12. / 72 Leer más »
Stock Market Today: What to WatchStock futures are rising, after China said it would lift Covid quarantine requirements on international arrivals. Follow the latest markets updates. Islamic republic wants to get hostage the family of celebrities to silence them. Today IR regime force lands a commercial airliner carrying AliDaei (legendary soccer player)'s family en route to Dubai and took them out. MahsaAmini IranRevolution CNN FoxNews guardian hrw I made a lot of progress so far with Leticia_thomas7.I was lucky to find some recommendations about he's good works.and I was determined to give it a try, it wasn't long I started and I have recovered 100% of what I lost to those scammers. thank you once again Leticia_thomas7
Fuente: WSJ - 🏆 98. / 63 Leer más »
The year of ESG was worse in politics than stock market performanceESG took a big political hit this year, but heading into 2023, investors are sticking with a stock picking approach that did about the same as the broad market. Good!
Fuente: CNBC - 🏆 12. / 72 Leer más »
Invest in Yourself the Way You’d Invest in the Stock Market in 2023From learning new skills to cultivating relationships, investments of time and money now can pay off in the years to come. Follow AVERAGE STUDENT if u like that. Thx. Best investment for 2023 AND AFTER : GOOD HEALTH ,and not a blind trust in vaccines and doctors Invest and improve your skills and find and keep a smart friend.
Fuente: WSJ - 🏆 98. / 63 Leer más »