Strategist Kolanovic anticipates a prolonged downturn for US stocks, citing escalating macroeconomic risks. Despite potential temporary stability driven by earnings reports this week, the correction is expected to continue.
Results for: Market Correction
JPMorgan analysts warn of risks to the US stock market, citing complacency in valuations, inflation, Fed rate hikes, and a rosy profit outlook. They note similarities to last summer’s market correction and highlight factors such as USD strength, rising bond yields, and market concentration adding to the tense backdrop. In contrast, the report sees opportunities in Japanese consumption-related stocks due to expected wage growth and increased personal consumption.