A rate cut will be bad news for stocks, JPMorgan warns — and outlines where to invest

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

A JPMorgan Asset Management strategist believes the market's expectations for an interest rate cut next year contradicts analysts forecast for earnings growth.

A cut in interest rates by the Federal Reserve next year is likely to be bad news for U.S. equity investors, according to Hugh Gimber, global market strategist at JPMorgan Asset Management. Stocks have typically rallied on multiple occasions over the past two years on any dovish signal from central bankers – hoping that the cost of borrowing will be lowered as inflation falls.

Those things can't both happen at the same time," the strategist said. Catalyst for a breakdown in stocks Gimber said the third-quarter earnings season will likely start to show cracks in the growth outlook that will lead to lower forecasts. "I think as we move through Q3 earnings season, analysts really start to sharpen their pencils on that 2024 figure, and I think that has to come down," he said.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

This is how JPMorgan's massive income ETF can again pull ahead of the stock marketThe JPMorgan Equity Premium Income ETF (JEPI) has held up better than the S&P 500 over the past three months.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

JPMorgan's top strategist says buy more gold, stay underweight stocks because of high rates, geopoliticsMarko Kolanovic said he holds a cautious outlook and is maintaining a defensive tilt in his portfolio.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »