Stocks could tumble 15% or more even with a mild recession: JPMorgan

The stock market is underestimating the risk of an economic slump this year and even a mild recession would cause equities to tumble 15% or more from current levels, according to JPMorgan.

The S&P 500 index of US large-cap shares is up 8% so far this year despite the biggest bank failures since 2008 and the Federal Reserve pushing ahead with its most aggressive interest-rate increases in decades. "On the downside, even a mild recession would warrant retesting the previous lows and result in 15%+ downside," the strategists added.

Nederland Laatste Nieuws, Nederland Headlines

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

15 stocks that will post strong results in a weak Q1: Credit SuisseThese 15 stocks will matter the most to corporate profits during a quarter where earnings will fall again, according to Credit Suisse
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »

Even a mild recession could cause stocks to crater by 15% or more, JPMorgan's Kolanovic saysEven a mild recession could cause stocks to crater by 15% or more, JPMorgan’s Kolanovic says 15% of what price $JPM sure has high highs today boys I tell ya
Bron: MarketWatch - 🏆 3. / 97 Lees verder »