Page 11 - Nalyst Note News Today

"We don't see sufficient evidence that the global economy is headed for severe recession," Ned Davis Research said.

"Although China's holdings of US debt are down, after some adjustments, it's a lot less than the headline implies," Ned Davis Research said.

"Monthly S&P 500 seasonality suggests buying weakness into September and October prior to a fourth-quarter and year-end rally," Suttmeier said.

Tesla already reported third-quarter deliveries of 435,059, below Wall Street's expectations of 451,000 vehicles.

"Delinquencies in consumer loans and corporate bankruptcies are starting to move higher, and this trend is likely to continue absent a cut in rates."

"The average stock has already broken down technically... the signals are weaker and suggest key tactical support is vulnerable," Mike Wilson said.

Circuit breakers installed after the October 1987 stock market crash make a 20% decline in the S&P 500 "almost impossible," Ned Davis Research said.

"If we can avoid a recession next year, then there's a good chance for more solid gains in 2024," Carson Group's Ryan Detrick said.

Walmart customers taking Ozempic are spending less on food but more overall, writes Morgan Stanley.

"While we continue to believe US stocks will rally later this year, it feels too early to call the turn," DataTrek Research said.