Nasdaq Climbs 1.1%, S&P 500 Up 0.8%
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- Wall St futures gain on Iran ceasefire hopes; earnings in focus
- Oil prices firm as investors weigh fresh attacks against potential US-Iran ceasefire
- Chip stocks extend global rebound following last week's rout
- Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage
- Selloff of U.S. memory stocks creates a compelling entry point: analyst
- U.S. to impose 50% tariff on most Canadian goods, including USMCA
- NVIDIA reports 9.3% passive stake in Nebius
- Wall Street indexes fall, with Iran and earnings season in focus
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- Selloff of U.S. memory stocks creates a compelling entry point: analyst
JPMorgan's Kolanovic Says to Shift Allocations from Equities into Commodities
August 8, 2022 5:01 PM EDT
JPMorgan's Kolanovic Says to Shift Allocations from Equities into Commodities
The analyst comments "The impressive US employment report suggests businesses remain in expansion mode despite a number of drags. Given diminishing risks of a more negative shift in behaviour, low positioning in risky assets and widespread negativity in... More

