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Latest weak economic data, anticipated fall in earnings expectations, bearish 4 US stocks
JPMorgan strategist Marko Kolanovic in a note issued Thursday, says lower for US equity prices.
His analyst team's outlook is for further weak data, weak earnings, Fed rates staying elevated.
- We think that recession is currently not priced in equity markets
- We do not agree with the argument that because a recession is consensus...the market and economic outcome have to be better
Kolanovic cites:
- the recent weakening of economic data (e.g. ISM... Read More
Posted: Jan 20 2023, 02:46
Author Name: forexlive
Views: 102182