U.S. consumer sentiment slumps; inflation expectations edge up
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- US stocks close down as oil spikes 12%, job market weakens
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JPMorgan sees equities squeezing higher into December
November 11, 2022 3:18 PM UTCIn 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
