Close

Nasdaq, S&P 500 retreat as rate hike fears cool stock rally

Go back to Nasdaq, S&P 500 retreat as rate hike fears cool stock rally

JPMorgan on Dramatic Empire State Survey Drop, 'one of its weakest readings on record (back to 2001)'

August 15, 2022 9:41 AM EDT

JPMorgan on Dramatic Empire State Survey Drop

Analyst Daniel Silver comments "The August Empire State manufacturing survey was disappointing and pretty downbeat in terms of its headline and several key components. The headline index dropped from 11.1 in July to -31.3 in August, hitting one of its weakest readings on record (back to 2001). And the new orders index fell to -29.6 and the shipments measure dropped to -24.1,... More

JPMorgan Says 'US indices are likely most at risk from a change in sentiment over the coming weeks', Sees 'Winter of Discontent'

August 15, 2022 6:51 AM EDT

JPMorgan Says 'US indices are likely most at risk from a change in sentiment over the coming weeks'

Global Credit analyst Saul Doctor comments "Over the past few weeks it appears that many investors have thrown in the towels on shorts particularly in light of more limited August liquidity. Having traded in positive... More