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Search resuls for: "JPMorgan's Marko Kolanovic"


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☆ The sell-off in Chinese stocks is 'disconnected from fundamentals' and presents an opportunity to investors, JPMorgan's Marko Kolanovic says
  + stars: | 2022-10-24 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
JPMorgan's Marko Kolanovic called the Chinese sell-off "disconnected from fundamentals." "We believe this is a good opportunity to add given an expected growth recovery," he said. But JPMorgan chief global markets strategist Marko Kolanovic is unfazed by Monday's decline, calling the sell-off "disconnected from fundamentals" and a buying opportunity for investors in a Monday note. He is ultimately betting that the Chinese economy will experience a recovery in growth as the COVID-19 pandemic begins to fade. We believe this is a good opportunity to add given an expected growth recovery, gradual COVID reopening, and monetary and fiscal stimulus," he said.
☆ Investors' cash pile is the largest in 21 years. Here's what that means and why it could signal a rally is on the way in 2023.
  + stars: | 2022-10-19 | by ( Max Adams | ) www.businessinsider.com   time to read: +5 min
There's a massive amount of cash on the sidelines right now as markets suffer through extreme bouts of volatility and investors remain skittish. Investors' cash pile is the largest since April 2001. Which bring us to the next part of BofA's prediction — that this cash pile will fuel a rally in 2023. I-Bonds have gained immense popularity this year given deeply negative stock market returns and high inflation. Just three weeks away, the elections will still likely have implications for areas of the stock market.
☆ BMO's Brian Belski becomes latest bull to cuts his S&P 500 price target after inflation comes in hotter than expected
  + stars: | 2022-10-14 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
BMO's Brian Belski is the last bull to cut his year-end price target for the S&P 500 amid high inflation. In a Friday note, Belski cut his S&P 500 price target to 4,300 from 4,800. Belski initially set a 2022 year-end price target of 5,300 late last year. Belski lowered his price target mainly due to higher inflation, which was top of mind on Thursday following September's higher-than-expected CPI report. Any kind of relative rate of change with respect to positive [news], people are going to rush in and buy stocks," Belski said.
☆ The conditions needed for a stock market bottom are forming as investors get overly bearish, JPMorgan says
  + stars: | 2022-09-26 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Conditions are forming that suggest a stock market bottom could be near, JPMorgan's Marko Kolanovic said. To Kolanovic's point, investors are growing increasingly bearish on the stock market. AAII's most recent investor sentiment survey showed just 17.7% of its respondents were bullish on the direction of stock prices over the next six months. But overly bearish sentiment readings rarely (if ever) serve as a catalyst that will launch stock prices higher. That would help drive another tactical bounce in growth stocks, according to the note, and could ultimately end the significant drop in the stock market.
☆ The stock market sell-off is almost over and resilient earnings and slowing inflation means a rally is on the way, JPMorgan says
  + stars: | 2022-09-19 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
The most recent sell-off in stocks is almost over, according to JPMorgan. The bank said as inflation expectations moderate, risk assets like stocks should will slow their descent. "We see potential for a strong rally whenever the macro picture turns less negative," JPMorgan said. But that doesn't mean stock prices can't buck their current downtrend and rally from here, according to the note. Additionally, low investor positioning and moderation in long-term inflation expectations should help boost stock prices.
☆ Three reasons why JPMorgan’s Kolanovic believes market downside is limited from here
  + stars: | 2022-09-19 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
JPMorgan's Marko Kolanovic believes the market sell-off won't get much worse than this as Wall Street's top strategist found three big reasons to stay optimistic. Still, Kolanovic, one of the biggest bulls on Wall Street, reassured his clients that downside should be limited because of resilient earnings, low positioning and anchored inflation expectations. Kolanovic gained a wide following after correctly calling the March 2020 market bottom and the subsequent rebound during the pandemic. The strategist believes that high inflation and robust nominal GDP growth are cushioning nominal earnings growth in an environment of low real growth. Meanwhile, retail and institutional investors are poised to add back equities after being underweight for a few months, Kolanovic said.
☆ What really surprised Wall Street about Walmart's earnings warning
  + stars: | 2022-07-26 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
The key takeaway for investors was to refocus attention on inflation, and that it's not just the direction of inflation — it's the magnitude. More broadly, this will also lead to Wall Street momentarily refocusing its attention. While concerns about the magnitude of a slowing economy have occupied Wall Street's attention for weeks, inflation is still the number one issue. I noted last week that the phrase "mild recession" had become a meme as a way to price in a recession without making it sound too bad. Even JPMorgan's Marko Kolanovic jumped on the "mild recession" bandwagon, telling investors Monday that "a mild recession appears already priced in."
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