Page 25 - Nalyst Note News Today

Trillions of dollars in excess cash and a strong credit market have helped contain potential fallout in the stock market from higher interest rates.

"We are not aware of any slowing in Google search revenues that could be attributed to the late-2022 ChatGPT launch," Bank of America said.

"We believe the systematic risk is rising with every rate hike especially after ~15 years of global zero-rate policies," JPMorgan said.

"It is safe to say that the current tightening cycle is nearing an end, which has historically been a positive for US equity performance," BMO said.

The US government currently has a debt pile of $31 trillion, and that's expected to soar by more than $20 trillion over the next 10 years, BofA said.

DataTrek Research outlined the key rule investors should use to determine when to buy stocks in this volatile market.

Banks' high level of cash reserves means they are less reliant on borrowing for the short term to fund their long term loans, NDR explained.

JPMorgan says this risk-seeking behavior is practically taunting the Fed, which is still hiking interest rates to bring inflation down.

"Investor sentiment is far from excessively optimistic levels. There is further room to climb the wall of worry," Ned Davis Research said.

Michael Hartnett has been stubbornly bearish for the past year. But he's willing to entertain bull arguments if these things happen.