Page 21 - Nalyst Note News Today

"We are probably not yet in recession, but I can see many signs warning me of the risk the clock is ticking toward one," Ned Davis Research said.

Nvidia's H100 AI accelerator chip has surged in demand, so much so that they're currently selling on eBay for upwards of $45,000 each.

"This 2023 trend for the S&P 500 is like other 'wall of worry' bullish turns in 2020, 2019, 2016 and 2012," Bank of America said.

"We favor the outcome of a temporary debt ceiling suspension either for a brief period of time or until September," Ned Davis Research said.

"We doubt that QT will cause either an economic or an earnings recession, let alone both," Ed Yardeni said.

"If rate cuts happen this year, it will either be because of the onset of a recession or a significant crisis in financial markets," JPMorgan said.

The recent surge of cash into money market funds eclipsed the $500 billion of fund inflows seen after the Lehman Brothers collapse in 2008.

Apple stock jumped 4.5% on Friday, adding $119 billion to the company's market value, which stood at about $2.77 trillion.

"We expect Apple to institute a new buyback authorization and model a 5% dividend increase to $0.24 per share," Bank of America said.

Fundstrat's Tom Lee made the case that investors remain too pessimistic and should get on board with the idea that a new bull market has started.