S&P 500 Erases Gain, Goes Negative
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- Wall Street mixed as Moderna rallies and chips tumble
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
- Needham Starts NeoVolta (NEOV) at Buy
- TD Cowen: 'Sober View Suggests Structural Alcohol Risks Are Overblown'
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Hertz cuts guidance, announces notes and stock offerings, shares sink
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
JPMorgan on Dramatic Empire State Survey Drop, 'one of its weakest readings on record (back to 2001)'
August 15, 2022 9:41 AM EDTJPMorgan on Dramatic Empire State Survey Drop
Analyst Daniel Silver comments "The August Empire State manufacturing survey was disappointing and pretty downbeat in terms of its headline and several key components. The headline index dropped from 11.1 in July to -31.3 in August, hitting one of its weakest readings on record (back to 2001). And the new orders index fell to -29.6 and the shipments measure dropped to -24.1,... More
JPMorgan Says 'US indices are likely most at risk from a change in sentiment over the coming weeks', Sees 'Winter of Discontent'
August 15, 2022 6:51 AM EDTJPMorgan Says 'US indices are likely most at risk from a change in sentiment over the coming weeks'
Global Credit analyst Saul Doctor comments "Over the past few weeks it appears that many investors have thrown in the towels on shorts particularly in light of more limited August liquidity. Having traded in positive... More
JPMorgan's David Kelly Says Equities Will Move Higher From Here
August 11, 2022 3:58 PM EDTTalking to Bloomberg, JPMorgan Asset Managements David Kelly said the stock market could hit record highs within the next few years.
Kelly made the statement due to the economy is showing signs of cooling. He told Bloomberg Television that in order "to be a bull on stocks,... More

