This post was originally published on Tker.co. JPMorgan’s global economic research team just published note titled: “They will know I am the lord when I lay my vengeance on them.“ The quote comes from Ezekiel 25:17. It was popularized in “Pulp Fiction” by fictional hitman Jules Winnfield — portrayed by Samuel L. Jackson — who would recite the verse before dispatching his marks. Led by Bruce Kasman, JPMorgan’s economics team employs the chilling language to characterize the Source link
Read More »JPMorgan says the market bottom is near as corporate buybacks skyrocket — here are 3 high-upside stocks to play that bullish sentiment
JPMorgan says the market bottom is near as corporate buybacks skyrocket — here are 3 high-upside stocks to play that bullish sentiment Stocks have fallen quite a bit in 2022. If you are wondering where the market bottom is, JPMorgan has some good news. The bank sees companies continuing to buy back their shares, which could help stocks establish a bottom. “In the latest sell-off, JPM estimates 3-4x higher buyback executions than trend, which implies the corporate put remains active,”… Source link
Read More »JPMorgan employees describe growing ‘paranoia’ as the company tracks their office attendance, calls, calendars, and more — with one worker even installing a ‘mouse jiggler’ to evade ‘Big Brother’
JPMorgan Chase CEO Jamie Dimon. Employees at the bank say suspicion and fear are swirling over the firm’s data-collection efforts.KENA BETANCUR/Getty Images JPMorgan has developed a powerful data-collection tool to monitor its employees’ activities. Employees at America’s largest bank fear what the data collection could mean for their jobs. One staffer described a workplace where terms like “Big Brother” and “1984” have become commonplace. At JPMorgan Chase, employees say watchful eyes are… Source link
Read More »Stock Markets Are Overpricing Recession Risk, JPMorgan Strategist Says
(Bloomberg) — Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovic confidence in his pro-risk stance. Most Read from Bloomberg US and European stock markets are pricing in a 70% chance that the economy will slide into recession in the near-term, according to estimates by JPMorgan’s top-ranked strategist. That compares with a 50% chance priced into the investment-grade debt… Source link
Read More »JPMorgan says this is the only sector seeing ‘quality, growth and momentum scores’ improve all at the same time
JPMorgan says this is the only sector seeing ‘quality, growth and momentum scores’ improve all at the same time Energy stocks are some of the top performers in the market. But according to JPMorgan, more gains are on the horizon. “Energy is the only sector that is seeing quality, growth and momentum scores improve simultaneously while maintaining an attractive value and income profile,” JPMorgan’s chief U.S. equity strategist Dubravko Lakos-Bujas writes. Strong commodity prices have… Source link
Read More »JPMorgan employees describe the ‘fear of God’ and ‘panic’ as the company tracks their office attendance
Jamie Dimon, Chair and CEO of JPMorgan ChaseJ. Lawler Duggan/For The Washington Post via Getty Images JPMorgan has asked hybrid employees to come into the office at least 3 days a week. The bank is tracking ID swipes to monitor staffers’ office attendance. One executive described there being a “fear of God” and “panic” over the attendance quotas. JPMorgan has started tracking staffers’ office attendance, and employees say it’s creating an atmosphere of mistrust and panic. Insider reported… Source link
Read More »JPMorgan CEO warns of “unprecedented” economic risks ahead from Russia-Ukraine war
Russia’s invasion of Ukraine and penalizing sanctions against Moscow have roiled financial markets and wreaked havoc on global supply chains. And JPMorgan CEO Jamie Dimon thinks the worst is yet to come. Dimon warned in his closely-read annual letter to shareholders on Monday that Russia’s ongoing invasion of Ukraine is expected to meaningfully slow the U.S. and global economy. JPMorgan economists predict consequences from the war and resulting sanctions against Russia will reduce the… Source link
Read More »3 reasons to buy stocks during weakness in markets: JPMorgan
There are a couple reasons why investors should use the weakness in markets as a good buying opportunity even in front of notable risks like the Federal Reserve raising interest rates to fight inflation and the ongoing Russia-Ukraine war, argues strategists at JPMorgan. “Despite the current tumultuous conditions, we believe a lot of risk is already priced in, sentiment is depressed and investor positioning is low, so we would add to risk with a medium-term horizon. We would advise against… Source link
Read More »JPMorgan Warns Russia Faces 1998-Like Collapse in Economy
(Bloomberg) — Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less than then. Most Read from Bloomberg Days after President Vladimir Putin ordered troops into Ukraine, economists are starting to publish forecasts for what is currently the world’s eleventh largest economy, even though they warn the outlook is opaque and subject to revision. JPMorgan Chase & Co.’s… Source link
Read More »JPMorgan, BofA and others now see more rate hikes this year as Fed gets hawkish – Yahoo Finance
Federal Reserve watchers are quickly ramping up and revising forecasts on how many interest rate hikes they anticipate this year after the central bank doubled down on plans to tighten policy and rein in inflation. Economists at Bank of America and JPMorgan increased their forecasts Friday, two days after the Fed’s policy-setting meeting. BofA released one of the more aggressive predictions on the Street. It now expects seven hikes this year — that number was first uttered by JPMorgan CEO… Source link
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