JPMorgan strategist stays stubbornly negative on stocks even as other Wall Street bears capitulate

📆 21/05/2024 15:28:00
📰 CNBC

⏱ Reading Time:
22 sec. here
5 min. at publisher
📊 Quality Score:
News: 22%
Publisher: 72%

Investment Strategy Noticias

Markets,JPMORGAN DRN,Business News

'We don't see a reason to change our stance,' strategist Marko Kolanovic wrote.

A top strategist for JPMorgan is sticking with a pessimistic outlook for stocks despite a strong start to 2024 that's winning over other Wall Street skeptics. Marko Kolanovic said in a note to clients on Monday evening that the rally in stocks has not changed his opinion that equities are the wrong place to be right now.

The stock market has outrun most Wall Street projections so far this year, with the S & P 500 up more than 11%. .SPX YTD mountain The S & P 500 has already surpassed the original year-end 2024 targets from major Wall Street strategists. However, signs of a weakening consumer along with elevated interest rates and inflation readings are some of the reasons to remain skeptical on equities, Kolanovic said.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

The stock market 'correction' is not over yet, JPMorgan’s Kolanovic saysDon't be fooled by Monday's bounce, JPMorgan's Marko Kolanovic warned.
Fuente: CNBC - 🏆 12. / 72 Leer más »