Nasdaq Erases Gain, Down Slightly, S&P 500 Off High, Still Up 0.2%
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March 27, 2023 2:05 PM EDT
Kolanovic: 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
March 27, 2023 10:46 AM EDT
In a note on artificial intelligence and the effects on economic growth, Goldman Sachs analyst Jan Hatzius told investors that the recent emergence of generative AI raises the question as to whether we are "on the brink of a rapid acceleration in task automation that will drive labor cost savings and raise productivity."
The analyst stated that despite significant uncertainty... More
