This is Just the First of Likely Several Disappointing Quarters - Morgan Stanley
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July 27, 2022 9:47 AM EDT
JPMorgan Raises US Q2 Real GDP Forecast to 1.4% from 0.7%
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July 25, 2022 7:24 AM EDT
Jonathan Krinski, Chief Market Technician at BTIG, sees the ongoing relief rally in stocks nearing an exhaustion point.
The strategist took note of a c10% rally off recent lows and urged clients to cut risk exposure above the 4,000 handle in the S&P 500.
We are still in... More
July 25, 2022 5:53 AM EDT
Several firms that missed Q2 revenue estimates have recently blamed the strong U.S. dollar. Goldman Sachs calculation shows that a 10% appreciation in the trade-weighted dollar creates a 2-3% impact on EPS.
David Kostin, Goldman Sachs chief U.S. Equity Strategist, sees many more companies reporting weaker-than-expected Q2 revenue numbers due to the strong greenback.
However, there is a huge difference in the impact produced by the strong dollar when... More
