Wall Street ends near flat ahead of inflation data
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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
