Lowered profit forecasts raise concerns on shaky Wall Street

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Go back to Lowered profit forecasts raise concerns on shaky Wall Street

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

September 27, 2022 6:27 AM EDT

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

JPMorgan's Kolanovic: 'Stocks are Looking Increasingly Cheap'

September 26, 2022 3:01 PM EDT

JP Morgan's equity strategist Marko Kolanovic said in a note to clients on Monday that the Federal Reserve's hawkishness "leaves stocks oversold."

Kolanovic explained that the global inflation trajectory is becoming "even more central for tactical asset allocation." As a result, JPMorgan believes it could keep volatility elevated... More