Komon Trust

2024/05/27

Why these analysts say it's "hard to get too bearish" on the S&P 500

It is hard to be "too bearish" on the benchmark S&P 500 index despite some potential warning signs flashing in the consumer sector, according to analysts at BTIG.

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2024/05/24

JPMorgan's model suggests S&P 500 crash to 4320 if macro volatility remains high

JPMorgan quant strategists released a model assessing the fair value of the S&P 500 in a scenario where macroeconomic volatility increases to levels seen before the pandemic.

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2024/05/24

S&P 500 snaps win streak as rising yields steal Nvidia's shine

The S&P 500 closed lower Thursday, as rising Treasury yields on signs of sticky inflation dented rate-cut hopes offsetting an Nvidia-led charge higher in tech stocks.

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2024/05/22

The most likely outcome is two cuts this year starting September' - Evercore

Evercore ISI reacted to today's remarks by Federal Reserve Governor Christopher Waller, suggesting a possible shift in monetary policy later this year.

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2024/05/21

US stocks in holding pattern near record levels ahead of Nvidia's results

U.S. stocks wavered Tuesday, but hovered around record levels as investors weighed gains in tech and the further remarks from Federal Reserve officials signalling that interest rates are to remain higher for longer.

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2024/05/21

Jefferson's comments indicate Fed could start cutting rates in September: Evercore

Data indicating a cooling in inflationary pressures in the U.S. may be encouraging, but it is still too soon to say if price growth in the world's largest economy is sustainably subsiding, according to Fed Vice Chair Philip Jefferson.

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2024/05/21

US stocks rangebound ahead of more key earnings, Fed minutes, speakers

U.S. stocks traded in tight ranges Monday, with investors cautious ahead of more cues on interest rates and earnings this week.

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2024/05/20

The stock market's bull rally could last another 5 years, but it'll end in a 'spectacular bursting of a bubble,' veteran tech investor Gene Munster says

The stock market's bull rally is poised to continue higher for the next three to five years before it ends in a spectacular bubble that ultimately pops, according to veteran tech analyst and Deepwater Asset Management managing partner Gene Munster.

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2024/05/19

Biden vs Trump: Evercore ISI offers outlook for fed funds rate in each scenario

Despite interest rates being at elevated levels, the economy hasn’t weakened the way many had forecast. In a research note, Evercore ISI examines the effect that the Fed’s fiscal policy is having on interest rates, noting that compared to a pre-Covid baseline it probably still is stimulating the economy.

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2024/05/19

Are stagflation risks real?

Stocks extended their rebound from Q2 lows last week amid mostly quiet news flow and mixed earnings, despite economic data that continues pointing to stagflation.

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2024/05/18

Dow struggles for direction after climbing above unprecedented 40,000 milestone

The Dow struggled for direction Friday, a day after briefly moving above the 40,000 level for the first time ever amid rate-cut hopes and mostly upbeat quarterly earnings from corporates.

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2024/05/18

European equity selloff likely as US economic data weakens - BOA Securities

Equity markets have surged to all-time highs, but with U.S. economic data starting to cool, Bank of America Securities predicts more difficult times ahead, especially in Europe.

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2024/05/17

Midday movers: Walmart, Chubb and Trade Desk rise; Meta, GameStop fall

Main U.S. indexes rose but struggled to push much higher after the previous session’s strong gains to record levels in the wake of cooler inflation data.

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2024/05/17

US stocks just higher; Walmart soars after robust earnings

U.S. stocks traded marginally higher Thursday, with investors searching for fresh impetus as they digested more corporate earnings.

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2024/05/16

Kashkari backs higher for longer rates amid doubt on whether policy is restrictive

Minneapolis Fed President Neel Kashkari on Wednesday backed the case for higher for longer interest rates after expressing uncertainty about how restrictive the current level of monetary policy is in the wake of more resilient than expected economy.

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2024/05/16

S&P 500, Nasdaq at record highs as signs of cooling inflation boost rate-cut hopes

The S&P 500 and the Nasdaq jumped to record highs Wednesday, as consumer inflation cooled more than expected following three months of upside surprises, boosting hopes for sooner rate rates and sending Treasury yields sharply lower.

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2024/05/15

Midday movers: GameStop, AMC Entertainment rise; Alibaba falls

Investing.com -- Main U.S. indexes edged higher Tuesday despite data that showed hotter than expected producer prices in April after Federal Reserve Chairman Jerome Powell gave an optimistic overview of the US economy during a panel discussion.

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2024/05/15

April's data for Apple is 'modestly disappointing' - KeyBanc

KeyBanc analysts maintained a Sector Weight rating on Apple (NASDAQ:AAPL) stock on Tuesday and reiterated below-consensus estimates for Q3 FY24.

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2024/05/14

Ibotta stock rises as Goldman Sachs, Citi assume coverage

On Monday, Goldman Sachs analysts initiated research coverage of Ibotta (IBTA) with a Neutral rating and a 12-month price target of $103, saying they see the stock as “positively levered to a number of long-term secular growth themes within our sector across both digital advertising and grocery.”

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2024/05/14

S&P 500 flat ahead of key inflation data

Investing.com -- The S&P 500 was flat Monday as investors awaited key inflation report due later this week that will likely play a role in shaping the Federal Reserve's monetary policy outlook.

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