2023's blistering stock rally is under threat, according to a top JPMorgan Asset Management strategist.
The impact of banking chaos could soon start to weigh on stocks, David Lebovitz said.
Ahead of Thursday's inflation report, Lebovitz also commented on company margins and whether sticky costs will weigh on firms' pricing power.
"When we look at the consumer, the consumer looks fine today, but the consumer is beginning to bend.
That's going to undermine the pricing power that's allowed a lot of these companies to keep their heads above water," he added.
Persons:
David Lebovitz, Lebovitz, that's, David Rosenberg
Organizations:
JPMorgan Asset Management, Service, Bloomberg, Nasdaq
Locations:
Wall, Silicon