MobileNewspepar
    Facebook Twitter Instagram
    Subscribe
    MobileNewspepar
    Facebook Twitter Instagram YouTube
    • Home
    • Entertainment
      • Bollywood
      • Hollywood
      • Korean
      • Biography
      • Anime
    • Education
      • Recruitment
      • Scholarship
    • Sports
      • Cricket
      • WWE
      • Football
      • IPL 2023 Updates
    • Technology and Gadgets
      • Mobile
      • Smartwatch
      • Gaming Headset
    • Business
    • Autoshow
    • Blog
    MobileNewspepar
    Home»Blog»This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
    Blog

    This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.

    MNP StaffBy MNP StaffSeptember 13, 2022Updated:September 13, 2022No Comments5 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
    This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here's his advice on stocks and oil.
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    [ad_1]

    A fifth-straight win could be on the cards for stocks Tuesday, but the market must first face down August CPI numbers.

    Economists see inflation slowing to 8% from 8.5%, though not likely altering a 75-basis-point Fed hik this month. Still, if it looks anything like a peak for CPI, you’ll want to consult our chart of the day below.

    Onto our call of the day, which comes from one of Wall Street’s staunchest bulls, JPMorgan’s Marko Kolanovic, who is betting on a soft landing for the global economy. The chief market strategist was spot on with a call for stocks to rally this summer, and was heard last month telling investors to hang on, as the gains aren’t over.

    For starters, investors need to trust the data more and obsess over central banks less, he says.

    “We maintain that economic data and investor positioning are more important factors for risky asset performance than central bank rhetoric. And the data appear to be increasingly supportive of a soft landing (rather than global recession), given moderating inflation and wage pressures, rebounding growth indicators, and stabilizing consumer confidence,” Kolanovic told clients in a new note.

    He sees a global recession as avoidable owing to expectations China and Europe will support their needy economies. Low investor positioning and sentiment should also “continue to provide tailwinds for risky assets, despite the more hawkish central bank rhetoric recently.”

    Among those assets, JPM is keeping an “aggressive overweight” in commodities and commodity-sensitive assets, due to a supercycle thesis and to hedge for inflation and geopolitical risks.

    Kolanovic suggests buying the dip on energy as there is no solution to Europe’s current crisis in sight and markets are yet to price in weaker prospects for an Iran nuclear deal or G-7 progress on Russian oil price caps.

    He is also staying bullish on equities, specifically cyclicals, small-caps and EM/China over expensive defensives. 

    Unlike energy, “defensive industries have outperformed on multiple expansion and are trading at near record premium vs. the market,” said the strategist who adds that central bank tightening and labor resiliency may keep rates higher for longer, capping multiples for long-duration growth and tech.

    Midterms are also weighing into the bank’s equation for riskier assets. “Given the lag it takes for rate hikes to work through the system, and with just one month before very important US elections, we believe it would be a mistake for the Fed to increase risk of a hawkish policy error and endanger market stability,” said Kolanovic.

    The markets

    Uncredited

    Stock futures
    ES00,
    +0.70%

    YM00,
    +0.66%

    NQ00,
    +0.70%

    are higher and Treasury yields
    TMUBMUSD10Y,
    3.314%

    TMUBMUSD02Y,
    3.536%

    lower as a dollar
    DXY,
    -0.50%

    pullback continues. Oil prices
    CL.1,
    +1.31%

    are also perking up, while gold prices
    GC00,
    -0.03%

    head the other way.

    The buzz

    Ahead of crucial CPI data, the latest small-business sentiment index showed a rise in confidence. The Federal budget is due later.

    Oracle
    ORCL,
    +1.54%

    disappointed on earnings and its profit forecast, thanks to a stronger dollar. The stock is up slghtly.

    Peloton
    PTON,
    +7.18%

    stock is down after co-founders John Foley and Hisao Kushi said they are stepping down.

    HBO had a big night at the Emmy’s sweeping past Netflix
    NFLX,
    +1.27%

    with big awards for “Succession” and “Euphoria.” Meanwhile, interest has been high in Netflix’s “The Crown,” since the death of Queen Elizabeth II.

    Twitter 
    TWTR,
    -1.85%

    shareholders are reportedly expected to approve the $44 billion takeover that Tesla’s
    TSLA,
    +2.83%

    Elon Musk has been trying to ditch in a meeting early Tuesday. The fate of the deal, though, could end up in court. And a Twitter whistleblower will testify to Congress.

    A Russian unit designed as a front-line defense against a NATO attack has apparently been badly damaged in the latest Ukraine advance.

    Best of the web

    An easy daily habit to prevent dementia.

    Escaping poverty, one generation at a time.

    The chart

    In five of seven historical inflationary surges, “the S&P 500 either bottomed coincident with or in advance of the ultimate inflation peak,” says Jim Paulson, chief investment strategist of The Leuthold Group.

    This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here's his advice on stocks and oil.

    Leuthold Group

    Among the exceptions, in one instance the stock market moved sideways for months after that peak, though didn’t see big moves lower. And in 1970, stocks moved south even after that inflation high, though downswing was brief and the S&P 500 fully recovered after a few months, notes the strategist.

    This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here's his advice on stocks and oil.

    Leuthold Group

    The tickers

    These were the top searched tickers on MarketWatch as of 6 a.m. Eastern Time:

    Ticker

    Security name

    TSLA,
    +2.83%
    Tesla

    GME,
    +1.11%
    GameStop

    AMC,
    +5.14%
    AMC Entertainment

    BBBY,
    +2.69%
    Bed Bath & Beyond

    NIO,
    +13.52%
    NIO

    APE,
    +3.44%
    AMC Entertainment preferred shares

    AAPL,
    +3.85%
    Apple

    NOK,
    +1.18%
    Nokia

    CHPT,
    +3.39%
    Chargepoint

    AMZN,
    +2.39%
    Amazon

    Random reads

    Coffee vigilantes come to the aid of Goldman employees.

    Another mysterious death hits Russian Pres. Vladimir Putin’s inner circle.

    Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.

    [ad_2]

    Source link

    advice Ahead article_normal Automotive C&E Exclusion Filter C&E Industry News Filter called commodity Commodity Markets Commodity/Financial Market News computers Computers/Consumer Electronics Computing Consumer Electronics Consumer Price Index Content Types corporate Corporate/Industrial News E-Mini Dow Continuous Contract E-Mini Nasdaq 100 Index Continuous Contract E-Mini S&P 500 Future Continuous Contract earnings Economic News economic performance Economic Performance/Indicators Electric Power Distribution Electric Utilities electricity Electricity/Gas Utilities energy Equity Markets ES00 Factiva Filters financial market news Financial Performance gas utilities general news harbor operations Heres indicators industrial news inflation figures Inflation Figures/Price Indices international relations Internet Internet/Online Services JPMorgan landing Logistics Media Motor Vehicles NQ00 Oil online services Passenger Cars Political Political/General News politics Politics/International Relations Port Port/Harbor Operations price indices rally sees shipping Soft Software stocks Summer superbull Technology Transportation Transportation/Logistics Utilities water transport Water Transport/Shipping YM00
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleBITS Pilani to offer BSc in computer science on Coursera
    Next Article Alia Bhatt reacts to Mumbai Police’s post using ‘Brahmastra’ reference to spread awareness about road safety: ‘Epic’ | Hindi Movie News – Bollywood
    MNP Staff
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    Related Posts

    Here’s where ETF investors plan to put money to work in coming year – and how their generational attitudes shake out, Schwab study finds

    September 13, 2022

    Dow drops over 600 points as stocks tumble after hotter-than-expected CPI reading

    September 13, 2022

    CD Projekt Red Is Committed To ‘Developing The Cyberpunk IP Further’

    September 13, 2022

    Babylon’s Fall Will Shut Down Less Than A Year After Launch

    September 13, 2022

    U.S. inflation slows again due to cheaper gas, CPI shows. But prices still running high

    September 13, 2022

    These experts think retirees should time the market

    September 13, 2022
    Add A Comment

    Leave A Reply Cancel Reply


    • Punyashlok Ahilya Bai 13th September 2022 Written Episode Update: Ahilya gets blamed
    • EXCLUSIVE: Ayan Mukerji on spin-off of Shah Rukh Khan’s character in Brahmastra: ‘We are already thinking of origins story’
    • Space fright! Jeff Bezos led Blue Origin suffers horrific failure, booster crashes on Earth
    • Kerala’s enduring fascination for legendary French filmmaker Jean-Luc Godard
    • World tango dancers flock to spiritual home Buenos Aires
    • Daryl Walking Dead Spinoff Is Different
    • Vinicius is a great player, not antagonistic, says Ancelotti
    • Mera pyaar… Part 13 (Dreams again and upset..)
    • WhatsApp may soon bring these new features to iPhones
    • iPhone 14 Plus a failure? Kuo says lacklustre demand for iPhone 14 as well
    • Punyashlok Ahilya Bai 13th September 2022 Written Episode Update: Ahilya gets blamed
    • EXCLUSIVE: Ayan Mukerji on spin-off of Shah Rukh Khan’s character in Brahmastra: ‘We are already thinking of origins story’
    • Space fright! Jeff Bezos led Blue Origin suffers horrific failure, booster crashes on Earth
    • Kerala’s enduring fascination for legendary French filmmaker Jean-Luc Godard
    • World tango dancers flock to spiritual home Buenos Aires
    • Daryl Walking Dead Spinoff Is Different
    • Vinicius is a great player, not antagonistic, says Ancelotti
    • Mera pyaar… Part 13 (Dreams again and upset..)
    • WhatsApp may soon bring these new features to iPhones
    • iPhone 14 Plus a failure? Kuo says lacklustre demand for iPhone 14 as well
    Facebook Twitter Instagram Pinterest
    • Home
    • Contact Us
    • Advertisement with Us
    • Register
    • Write For Us
    • Privacy Policy
    • Disclaimer
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.