BTIG's Krinsky Sees 'Some Evidence of Capitulation' as S&P 500 Nears 200-WMA Below 3600

Wells Fargo Says FOMC Will Not Cut at First Sign of Economic Weakness

Wells Fargo Says FOMC Will Not Cut at First Sign of Economic Weakness.

Wells Fargo Economist Jay Bryson comments "We now look for the FOMC to hike its target range for the fed funds rate by 75 bps at the November 2 meeting and by 50 bps at the policy meeting on... More

S&P 500 Fair Value Appears to be 3630 - Wells Fargo

Wells Fargo's Christopher Harvey: The cracking of investor confidence and the dramatic back-up in interest rates has caused us to reduce our SPX trading range from 3800-4300 to 3350-3950. SPX fair value based upon a 6.15% discount rate appears to be 3630, or 1-2% lower than Friday's close (see calculation below)."

Citi Reiterates its 4200 S&P 500 Price Target, Expects a Risk-on Rally in Q4

Despite several top strategists calling for the continuation of U.S. stocks selloff into the end of 2022, Citi U.S. Equity Strategist Scott Chronert reaffirmed the banks 4200 year-end target.

Chronert urged clients to watch 3650 level this week in the S&P 500 as the soaring U.S. dollar,... More

Add Equity Exposure As Double Bottom Attempt is Underway - Canaccord Genuity

Canaccord Genuity technical strategist Javed Mirza recommends adding North American equity exposure in the short term and intermediate term.

In the short term, defined as a 1-2 week period, Mirza argues that equity markets are deeply oversold, and a sharp counter-trend bounce is likely to develop this... More

S&P 500 Will See 3000-3400 Later This Year, Morgan Stanley's Wilson Warns Again

With the Fed removing any remaining doubts about its commitment to strongly tackle extremely high inflation, Morgan Stanleys top equity strategist Michael Wilson is increasingly confident in his prediction that U.S. stocks are yet to hit the real bottom.

The strategist sees both stocks and bonds taking another leg lower in response to the growth trajectory in earnings and the economy, as well as the... More