Citi says bears facing 'painful' squeeze over next 2-6 weeks
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JPMorgan sees equities squeezing higher into December
November 11, 2022 3:18 PM ESTIn a note to clients on Friday, JPMorgan analyst Narendra Singh said the firm sees equities continuing to squeeze higher into December.
"Inflation has been the key downside driver of equity performance YTD as CPI has exceeded expectations in the last six quarters and often by a large margin," wrote Singh, who added that while forward earnings will likely remain under... More
BofA's Hartnett sees Tech, FAANG underperforming in coming years despite lower CPI
November 11, 2022 7:56 AM ESTMarkets rallied sharply yesterday following the consumer price index (CPI) report for October that showed inflation rose at a slower-than-expected pace.
CPI came in at 0.4% on a month-over-month (MoM) basis and 7.7% on a year-over-year (YoY) basis, both below the average analyst estimate. The so-called core CPI came in at 0.3% MoM and... More
Don't chase rallies as bear market is not over, Morgan Stanley's Shalett warns
November 11, 2022 6:36 AM ESTLisa Shalett, Chief Investment Officer of Morgan Stanleys Wealth Management division, warned investors that the bear market is most likely not over. Shalett wrote in a note to clients that betting now on the end of the bear market is woefully early as there are far too many unknowns.
We are yet to find out whether inflation really... More
Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism
November 11, 2022 6:27 AM ESTBy Noel Randewich and Sruthi Shankar
(Reuters) - The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would get less aggressive with U.S. interest rate hikes.
Amazon jumped 4.3%, with Apple and Microsoft both up more than 1% and contributing to the Nasdaq's gain.
On Thursday, the S&P 500 and the Nasdaq racked up their biggest daily percentage gains in more than 2-1/2 years as annual inflation slipped below 8% for the first time in eight months.
Declines in... More
