S&P 500 Pares Gain, Still Up 1.3%
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- Wall St muted as markets monitor Hormuz situation; data awaited
- JPMorgan lifts S&P 500 target to 8,000 on strong earnings
- Nvidia and Wall Street giants plan $500B AI funding deal, FT reports
- Jefferies cuts Apple rating as higher-priced iPhone roadmap looks difficult
- Oil rises 4% as Iran, US both demand compensation and Hormuz hopes fade
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Kolanovic: Q1 is High Point for Equities in 2023
March 27, 2023 2:05 PM EDTKolanovic: Q1 is High Point for Equities in 2023.
JPMorgan analyst Marko Kolanovic comments "Our view remains that Q1 will likely mark the high point for equities this year; we prefer low beta and are increasingly cautious on Cyclicals/Banks/Value. We view the most vulnerable areas as unprofitable companies that depend on steady flow of equity capital to fund operations and tight... More

