JPM: Reasons to look for equity upside into the end of 2023


  1. Attractive valuations.

  2. HF beta and SPX futures positioning at the lower end of the range.

  3. Sentiment is overly bearish.

  4. Fed to become more sensitive to incoming data after Sept. 

  5. USD strength could be peaking

  6. Strength of bank balance sheets

  7. House prices to remain resilient. Labour market to remain robust.

  8. Earnings will only see a modest pullback, 

  9. Consumer to be cushioned by excess savings. 

  10. Global downcycle is unlikely to be synchronised as Chinese activity should turn for the better. 

08 Aug 2022 - 08:46- Fixed IncomeData- Source: JPM

S&P 500 IndexFixed IncomeEquitiesChinaFederal ReserveHF CoJPMJPMorgan Chase & CoDiversified BanksBanksBanks (Group)United StatesAsian SessionCentral BankUSDAsiaData

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