Wednesday, June 29, 2022
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Even if oil hits $150 a barrel, J.P. Morgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs

J.P. Morgan's Marko Kolanovic predicts oil is surging higher — but so are stocks.Kolanovic, who serves as the firm's chief global markets strategist and co-head of global research, believes the U.S. economy is strong enough to handle oil prices as high as $150 a barrel."There could be some potential

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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

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‘Double down’ on defense because stocks will plunge another 10%, Morgan Stanley’s Mike Wilson warns

Investors may be playing with fire.According to Morgan Stanley's Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday's late buying binge. He warns investors are dangerously downplaying a collision between a tightening Federal Reserve and slowing growth."This type of action is just not comforting. I

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Supply chain, cybersecurity and e-commerce stocks should shine through 2022, top money manager predicts

Bryn Mawr Trust's Jeff Mills is recommending stocks involved in supply chains, cybersecurity and e-commerce because they have "staying power."He credits the groups' capacity to insulate investors from the tug-of-war between growth and cyclical stocks.Mills' first pick focuses on companies helping supply chains."You're starting to hear a narrative of

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Contrarian call suggests consumers are in trouble this holiday season

It may be evidence inflation is meaningfully stretching budgets.According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season."There's still this narrative that the rebound is there," the Economic Cycle Research Institute co-founder told CNBC's "Trading Nation"

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Major Wall Street firm has one of its largest equity overweights ever – and is looking to buy even more stocks

A major Wall Street firm is piling into stocks near record highs.Wilmington Trust's Meghan Shue reveals her firm has one of its largest stock market overweights ever.Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move."The near-term disruptions and the

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Market is about to see the strongest earnings season of year, history shows

Earnings may give stocks a major boost starting this week.Ally Invest's Lindsey Bell finds the third quarter is undeniably the most powerful earnings season for Wall Street."We're starting to think about the end of the year into next year, and you start to hear corporate management teams talk about

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Supply chain woes from Covid and energy may spark ’70s-style inflation, economist Stephen Roach warns

Economist Stephen Roach is warning that the U.S. may be on a collision course with 1970s-type inflation.The former Morgan Stanley Asia chairman is worried that the impact of energy price spikes on China's struggling supply chain will be the tipping point.Crude oil topped $80 a barrel this week for

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No shortage of risks, but now is an ideal time to put cash to work: Wilmington Trust

If you can withstand the market's wild swings, Wilmington Trust's Meghan Shue believes it's an ideal time to put cash to work.It may seem counterintuitive, but she's more comfortable investing in stocks now than earlier this summer when Wall Street was calmer."It's actually more unsettling when it appears that

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Market bull sees new highs ahead, says don’t bet against U.S. consumers

John Stoltzfus encouraged investors to remain optimistic despite this week's wild market swings.The Wall Street bull, who serves as Oppenheimer Asset Management's chief investment strategist, said he doubts that the Covid-19 delta variant and Federal Reserve tightening worries will spark a significant downdraft."I not only think it can edge

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