Shares rise, dollar flat ahead of key U.S. inflation data
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- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Alibaba falls on China AI capex report; Citi says selloff is premature
- Crude Inventory Fell 7.2 Million Barrels Last Week, Says EIA
Stocks 'set to weaken for the remainder of the year,' says JPMorgan's Kolanovic
May 8, 2023 2:25 PM EDTStocks are set to weaken for the remainder of the year, JPMorgan analyst Marko Kolanovic claimed in a note Monday.
The analyst explained that last week and during the March Fed press conference, risk markets were holding up well until the Fed Chair indicated that he does not foresee cutting rates this year.
He stated that there are several reasons for the stance, including leadership turning defensive, the consensus view that the worst of pressures is behind us will likely be proven wrong, the fact that we... More
JPMorgan Strategist Marko Kolanovic: 'stocks are set to weaken for the remainder of the year'
May 8, 2023 12:47 PM EDTJPMorgan Strategist Marko Kolanovic: "stocks are set to weaken for the remainder of the year"
The strategist comments "Leadership is turning Defensive and we think this rotation continues into/around the last hike on the back of our view that US bond yields will be flat/down,... More
