Page 22 - Nalyst Note News Today

BofA's top stock strategist backed his call to sell the S&P 500 above 4,200, in part as stocks are pricing in an earnings decline of "just" 4%.

"An estimate of 113,793 unemployment claims were filed by Americans earning over $200,000. This is the highest level since the pandemic."

"Nadella and Co. delivered another masterpiece cloud quarter which will be the focus of the Street and sets a positive tone," Wedbush said.

"As other parts of the economy are slowing, a cycle bottom in housing provides an important cushion to our soft landing thesis," Morgan Stanley said.

There's potential for credit conditions to hold steady if private equity and venture capital firms deploy their $2.2 trillion cash pile.

"While engagement in Magic remains solid, stores and collectors have been more cautious to invest in new product," Bank of America said.

"Instead of 'sell in May and go away' it should be 'buy in May and sell July/August,'" Bank of America said.

"We think the recent collapse in breadth is the market's way of warning us we are far from out of the woods with this bear market," Mike Wilson said.

"If inflation falls as quickly as we expect, the Fed will tolerate easing financial conditions. Hence, bears are trapped in our view," Fundstrat said.

"Bearish sentiment + $5 trillion of cash still the 'best friends forever' for risk assets, especially stocks," Bank of America said.