JP Morgan warns of a ‘significant’ sell-off in US stocks this quarter
(Published Thu, Jul 25 2019 12:32 AM EDTUpdated Thu, Jul 25 2019 5:02 AM EDT)
Stocks in the U.S. have had a good run this year, but that could end as soon as this quarter, said Jasslyn Yeo, global market strategist at J.P. Morgan Asset Management.
That potential sell-off would be driven by a downward revision in earnings forecasts for next year, Yeo said.
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15 comment(s).Last comment by ramunia 2019-07-30 21:58
The market has a technical problem, making it ‘vulnerable’ to a rapid sell-off, JP Morgan says (Published Mon, Jul 22 2019 1:54 PM EDTUpdated Mon, Jul 22 2019 7:02 PM EDT)
The market’s so-called depth has become so shallow that stocks are increasingly vulnerable to exacerbated moves, according to J.P. Morgan.
Market depth here is measured by the volume of orders on both bid and ask side for the S&P 500 E-mini futures contract.
“In our mind, this persistently low market depth leaves U.S. equities vulnerable from here if central banks fail to validate market expectations or U.S. recession risks resurface,” says analyst Nikolaos Panigirtzoglou.
80% of the stock market is now on autopilot (Published Sat, Jun 29 2019 8:30 AM EDT)
Passive investments control about 60% of the equity assets, while quantitative funds -- those relying on trend-following models instead of fundamental research -- now account for 20% of the market share, according to estimates from J.P. Morgan.
Passive funds have attracted $39 billion of inflows so far this year, whereas active funds lost a whopping $90 billion in 2019, the bank said.
## I have highlighted earlier...US market now at autopilot...
Dow futures fall 100 points after Trump attack on China dampens hope of a trade deal
PUBLISHED 6 HOURS AGOUPDATED MOMENTS AGO
U.S. stock index futures fell on Tuesday after President Donald Trump renewed his attacks on China, decreasing hope the two largest world economies will reach a trade deal.
At around 7:43 a.m. ET, Dow Jones Industrial Average futures fell by 100 points, pointing to a loss of around 90 points at the open. S&P 500 and Nasdaq 100 futures also slid.
Trump said in a series of tweets Tuesday that China is not keeping its promise of buying more U.S. agricultural products, adding: “China is doing very badly, worst year in 27 - was supposed to start buying our agricultural product now - no signs that they are doing so. That is the problem with China, they just don’t come through.”
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Keyman188 > 2019-07-27 11:51 | Report Abuse
JP Morgan warns of a ‘significant’ sell-off in US stocks this quarter (Published Thu, Jul 25 2019 12:32 AM EDTUpdated Thu, Jul 25 2019 5:02 AM EDT) Stocks in the U.S. have had a good run this year, but that could end as soon as this quarter, said Jasslyn Yeo, global market strategist at J.P. Morgan Asset Management. That potential sell-off would be driven by a downward revision in earnings forecasts for next year, Yeo said.