(Bloomberg) — The outsized sway of technology giants over US stocks is likely to persist, absent a major market rout along the lines of what investors endured in 2022, says JPMorgan Asset Management’s David Kelly. Most Read from Bloomberg The firm’s chief global market strategist is among Wall Street pros who expect earnings growth in […]
(Bloomberg) — The S&P 500 Index may be headed for another record closing high, but JPMorgan Chase & Co.’s Marko Kolanovic says the benchmark will falter in coming months in the face of mounting headwinds, from a slowing economy to downward earnings revisions. Most Read from Bloomberg The US equity guage is poised to plunge […]
When Jamie Dimon was backstage at a conference and heard a competitor crowing about taking on old JPMorgan branch leases and stealing the customers, he vowed it would never happen again. That’s why the CEO of America’s biggest bank, at one point, decided to personally rubber-stamp or veto every branch closure to ensure the institution […]
Hollis Johnson/Insider JPMorgan’s Marko Kolanovic sees no reason to turn bullish on the stock market despite record highs. In a Monday note, Kolanovic reiterated his view that the S&P 500 could fall 20% to 4,200. “We do not see equities as attractive investments at the moment and we don’t see a reason to change our […]
(Bloomberg) — There’s just one big bear left in Wall Street’s forest of stock market opinions after Morgan Stanley’s Mike Wilson capitulated on Monday while JPMorgan Chase & Co.’s Marko Kolanovic held firm in his gloomy outlook on equities. Most Read from Bloomberg Kolanovic reiterated his view in a note to clients late Monday, urging […]
April CPI data will be crucial in determining the timing of rate cuts.Photo by Michael Nagle/Xinhua via Getty Images) The Wednesday release of the April CPI report has the potential to shake up the stock market. A cool inflation report would bode well for interest rate cuts from the Fed and vice versa if it’s […]
(Bloomberg) — The slide in US equities over the past three weeks was the start of a selloff that is likely to deepen along with mounting macroeconomic risks, including rising Treasury yields, a strong dollar and elevated oil prices, says JPMorgan Chase & Co.’s Marko Kolanovic. Most Read from Bloomberg While earnings results from Corporate […]
JPMorgan CEO Jamie Dimon.Win McNamee/Getty Images; Chelsea Jia Feng/BI In his annual letter to JPMorgan shareholders, Jamie Dimon rang the alarm on geopolitical tensions. The bank’s CEO said investors were too optimistic about inflation, interest rates, and the economy. Dimon hailed AI as revolutionary and flagged recession or even stagflation as significant risks. Jamie Dimon […]
NEW YORK (AP) — The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating […]
(Bloomberg) — After a politics-heavy couple of days — JPMorgan boss Jamie Dimon’s comments yesterday that Democrats should “grow up” raised some eyebrows — the focus shifts to finance on day four of the World Economic Forum in Davos. Most Read from Bloomberg Highlights Thursday include a panel on uniting European markets with European Central […]
Not taking out cash before landing in the US was a rookie mistake.Artur Artur Widak/NurPhoto via Getty Images JPMorgan’s top strategist is sticking with his bearish view on stocks for 2024. Marko Kolanovic said investors should favor cash over stocks next year as the Fed is unlikely to rapidly cut interest rates. “Even in an […]