JPMorgan is worried about further S&P 500 sell-off potential
JPMorgan equity strategists expressed concerns about the potential for an extended sell-off in the U.S. stock market, citing several factors that could impact investor sentiment and market stability. On Monday, theAs roughly 40% of U.S. companies by market capitalization prepare to report earnings this week, the bank suggested that the market's movements may hinge on these results, potentially leading to a stabilization in the near term.
Accordingly, the USD strength, rising bond yields, elevated oil prices, and increased market concentration are contributing to a tense backdrop that could impact equity markets. JPMorgan highlighted a significant expansion in multiples, historically low volatility metrics, and the tightest credit spreads since 2007.
This scenario could serve as a catalyst for Japanese stocks, especially those linked to consumer spending.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC Lifts Year-End Target for S&P 500 to 5,400 on Soft-Landing HopesHSBC Monday raised its year-end target for the benchmark S&P 500 to 5,400 from its prior forecast of 5,000, assuming a soft-landing for the U.S. economy and implying about 3% upside to the current levels.
Read more »
This Shiba Inu Metric Explodes by 500% Amid a SHIB Price Rally: DetailsCrypto Blog
Read more »
DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 MarkOutlook on FTSE 100, DAX 40 and S&P 500 amid FOMC and MPC member speeches.
Read more »
These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Read more »
Get Geared Up for the Daytona 500 to Kick Off the 2024 NASCAR SeasonKick off the 2024 NASCAR season at Daytona with this collection of officially licensed NASCAR gear to ensure you're kitted out, trackside or couch-side.
Read more »
Risk Sentiment Snapshot: Gold, Silver and S&P 500 Price TrendsRisk sentiment has improved at the start of the week, seeing notable moves across typically risk sensitive assets in a week when US data and tech earnings take center stage
Read more »