Tag: stock market

JPMorgan’s Bearish Strategist Departs: Key Predictions

Wall Street’s biggest bear, Chief Market Strategist Marko Kolanovic, is leaving JPMorgan Chase & Co. after 19 years with the bank, as reported by Bloomberg News. According to internal memos from JPMorgan, Kolanovic is departing to explore new opportunities. His exit follows a two-year period of disappointing market calls where he remained bullish as stocks […]

S&P 500 Pullback Delayed? LPL on Earnings Season Impact

The S&P 500 closed at a record high on Tuesday, buoyed by optimism about the upcoming earnings season. According to LPL Financial, the season should be “solid,” but expecting growth estimates to rise for the second half of 2024 might be “a lot to ask.” Jeff Buchbinder, chief equity strategist at LPL Financial, stated that […]

Unmasking Inflation: Demand, Not Supply

A recent research paper argues that the primary driver of post-pandemic inflation in both the U.S. and Europe was demand, not supply. At the European Central Bank’s annual gathering in Sintra, Portugal, economists Domenico Giannone of the International Monetary Fund and Giorgio Primiceri of Northwestern University challenged the prevailing view that supply-chain disruptions were the […]

Bond Markets Prepare for Deficits with Trump or Biden

One likely outcome of the lack of budget restraint from either Biden or Trump is a higher frequency of ‘pretty weak’ Treasury auctions, a strategist says. A key takeaway from Thursday night’s debate between President Joe Biden and his Republican challenger Donald Trump is that the U.S. faces little prospect of fiscal restraint, regardless of […]

Market Reactions: Biden’s Debate and a New Candidate?

Market Reactions Post-DebateFollowing Thursday’s debate, markets began pricing in a higher likelihood of former President Donald Trump defeating President Joe Biden. Stock-index futures and the U.S. dollar rose, as even Vice President Kamala Harris admitted Biden had a “slow start.” Scaramucci’s ShiftAnthony Scaramucci, managing partner of SkyBridge and former Trump spokesperson, stated it would take […]

S&P 500 Shatters Records in H1 2024

As the U.S. stock market approaches the end of June, Bespoke analyzed how it typically performs in the first half of a year. The S&P 500 index is set to post significant gains for the first half of 2024, with its advance in the first six months of this year poised to crush the historical […]