Dow Jones, Nasdaq, S&P 500 weekly preview: Investors are positioning for a Fed pivot

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JPMorgan Continues to See 25% Chance US Avoids Recession in 2023 or 2024

January 18, 2023 9:17 AM EST

JPMorgan analyst Nikolaos Panigirtzoglou comments "While there has been an improvement in sentiment towards risk assets given greater optimism over the soft-landing scenario, we are reluctant to chase the past few weeks rally as a lot of good news are already in the price. And while signs of declining inflation... More

RBC Capital on Goldman Sachs (GS): 'remain best in class'

January 18, 2023 7:20 AM EST

RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating and $370.00 price target on Goldman Sachs (NYSE: GS).

The analyst comments "GS is one of the preeminent global investment banks but even with its leading position, market conditions negatively impacted nearly all of its... More

ECB policymakers consider easing rate hikes - Bloomberg

January 17, 2023 11:08 AM EST

Policymakers at the European Central Bank are reportedly considering a slower pace of interest rate hikes than indicated in December, according to a report by Bloomberg on Tuesday.

The 50 basis-point increase in February signaled by ECB President Christine Lagarde remains likely, but the possibility of a smaller... More

Morgan Stanley's Wilson doubles down on his view that S&P 500 will see new lows

January 17, 2023 8:21 AM EST

Dont be confused by an ongoing rally in U.S. equities as bear markets are designed to confuse investors and take their money, Morgan Stanleys Chief U.S. Equity Strategist and Chief Investment Officer Michael Wilson wrote in his regular weekly note.

Dont pay too much attention to the noise and trust your fundamental process as Wilson continues to see much lower levels... More

Goldman, Travelers drag Dow lower as earnings season picks up

January 17, 2023 6:46 AM EST

By Herbert Lash and Chuck Mikolajczak

NEW YORK (Reuters) - The Dow fell more than 1% on Tuesday as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay postive as the corporate earnings season took center stage.

The rise in Tesla Inc after the electric-vehicle maker's January retail sales surged in China helped growth-oriented shares eke out gains, but small caps and value stocks fell as fears of a recession unsettled investors.

Earnings from Goldman Sachs and Morgan Stanley closed out what was a mixed... More

Goldman Sachs' investment team bullish on equities -report

January 13, 2023 7:02 AM EST

By Carolina Mandl

NEW YORK (Reuters) - Goldman Sachs Investment Strategy Group expects U.S. equities to generate positive returns for investors in 2023 even if the economy enters a recession, according to its outlook report released on Friday.

The bank's wealth management team expect the benchmark S&P 500 to end 2023 at between 4,200 and 4,300 points, up to 12% higher than its 2022 year-end level. Last year, the S&P fell 19.4% in its worst year since 2008, reflecting higher interest rates and recession fears.

... More