Since the start of the rate hike cycle in 2022, regional business cycles have weakened, earnings growth has stagnated (S&P 500 2021-2024E EPS: $208-$225, ~2.5% CAGR), and the market has moved sideways averaging near our price target of 4,200 (2022 avg: ~4,100; 2023 avg: ~4,250). Equity concentration reached levels not seen since 1970s with a very narrow leadership, which is…
J.P. Morgan’s Quant Team 2024 U.S. Equity Outlook
A financial market resource for the every-day investor and trader.
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J.P. Morgan Equity Strategy Update Q1 2021
Seth Golden, , Research Reports, 0
Equity Strategy Market Update, Style Positioning − Where does the Momentum Unwind stand? The recent market volatility has been...
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Morgan Stanley: Downgrade Small Caps
Seth Golden, , Research Reports, 0
The derating of stocks is not over but may take a pause as stimulus boosts liquidity. Our cycle analysis...
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Morgan Stanley: Brief Technical Notes
Seth Golden, , Research Reports, 0
Critical Technical Support Holds This week’s note will be shorter than normal given the Tech playbook note we also...
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Weekly State of the Market: More New Highs for 2022?
Seth Golden, , Research Reports, 0
The way Technicians feel about Fundamentals is the way Quants feel about Technicians!! Know which discipline aligns mostly with...
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Morgan Stanley: Weekly Warm-up: Fire and Ice Part 2 Is More About the Ice; Cutting Our EPS Forecasts Further
Seth Golden, , Research Reports, 0
1H22 was challenging for most risk assets as the Fed pivoted more sharply than most expected. The de-rating for...
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Above Average Times And Downtrends
Seth Golden, , Research Reports, 0
It is not often that Finom Group is tasked with delivering a pessimistic interim outlook, but technicals are delivering...
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A Gift-Giving Time for Markets: The TOY
Seth Golden, , Research Reports, 0
How about them Small-caps? How about that follow-through? How about the 3-week rally which has seen the S&P 500...
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Is the Bottom In?
Edward Cordoba, , Research Reports, 0
Last week we took a look at the price action of the S&P 500 after a very volatile week....