News Formal

Bad economic data won't be good for stocks, but good data will be even worse, this JPMorgan technical strategist says

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The S&P 500 index is so overvalued that even a cooling of economic data won't be enough to bolster stocks, says JPMorgan's technical analysis team.

After Federal Reserve Chair Jerome Powell’s testimony on Tuesday that the central bank is ready to back to more aggressive interest-rate hikes if economic data doesn’t cool off, it would be natural to think that the market prefers to see the data get worse than get better.

First, he says, the S&P 500 index looks overvalued, given the shape of the money market curve. A model using regression analysis finds the S&P 500 more than 5% overvalued, or more than 1.5 standard deviations too high, he says.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Looks like the stock market is full of surprises these days!

So what’s good 🙉it’s the worse news

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stock market news today: S&P 500 aims for 3rd straight winUS stocks edge higher as Treasury yields slip and investors await Powell testimony
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »

U.S. stocks open higher as S&P 500 attempts to extend Friday’s gainsU.S. stocks opened higher Monday, with the S&P 500 up slightly, as major indexes attempt to extend sharp gains booked Friday. The Dow Jones Industrial...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »