'Outright negative' on stocks: JPMorgan's Marko Kolanovic braces for correction, hard landing
Publishing timestamp: 2023-01-24 20:30:41
Summary
JPMorgan's Marko Kolanovic is predicting a 10% or more correction in the stock market in the first half of this year. He cites deteriorating fundamentals and increasing interest rates as reasons for his bearish outlook. He recommends Treasury bonds and cash as safe havens for investors.
Sentiment: NEGATIVE
Tickers: .IXIC, .DXY, US10Y, .SPX,
Keywords: jerome powell, employment costs, u.s. 10 year treasury, china, inflation, energy industry, jobs, wall street, asia news, federal reserve bank, nasdaq composite, u.s. treasury bonds, interest rates, u.s. dollar, consumer spending, layoffs, retail investors, earnings, markets, dxy us dollar currency index, covid-19, investment strategy, high-yield bonds, economy, stock markets, s&p 500 index, bonds, crude oil markets, technology, business news, recessions and depressions, monetary policy, unemployment,