Here's why it's time to sell stocks and prepare for a recession in the second half of 2023, according to 7 top Wall Street firms like JPMorgan, Morgan Stanley, and more
Stock market outlook
"Inflation has clearly subsided, and yet labor market strength has remained intact," Belski wrote."In other words, we believe the anticipated recipe for disaster is simply not present."Stock market outlook While that may be a surprise given its market outlook, the firm thinks what's truly unexpected is that an economic contraction hasn't happened yet, given that industrial production, business and consumer confidence, new home sales, and retail sales have been in the tank for months.
"Given that multiple expansion is the main driver of performance YTD , we see unattractive risk-reward for equities and increasing investor complacency ahead," Kolanovic wrote in a note about his mid-year outlook. "A strong labor market, high margins, and cash cushions have delayed the bad times we expect," Kolanovic wrote. He added:"Strong Q1 growth and a better-than-expected earnings season make the timing for the next downturn uncertain."
: The risk-reward setup for the S&P 500 is skewed to the downside in the second half of the year, according to Truist. However, the firm upgraded its view on equities to neutral in early June after being defensive since the start of 2022, when market unrest began.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
AAON stock rallies after announcing 3-for-2 stock splitShares of AAON Inc. rallied 3.1% in premarket trading Friday, after the heating, ventilation and air conditioning (HVAC) company announced a three-for-two...
続きを読む »
Ford stock pulls back from 10-month high, after U.S. sales in latest quarter rise 11%Shares of Ford Motor Co. fell 1.7% in morning trading Thursday, to pull back from a 10-month closing high in the previous session, after the automaker said...
続きを読む »
7 of Twitter's most-followed users are now on ThreadsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
続きを読む »
Why Elon Musk is letting Ford, GM EV owners use Tesla chargersInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
続きを読む »
Oracle's cloud business in crosshairs of new Biden China ruleOracle's cloud business, which runs TikTok, could be hurt the most from Biden's new proposed restrictions for China
続きを読む »
Ex-VP of HR at Microsoft on how to make your boss your allyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
続きを読む »