Page 31 - Nalyst Note News Today

When the 10-year US Treasury yield was above its three-year moving average, as it is today, the S&P 500 returned an average one-year gain of 9.3%.

"When does it end? The focus is Tesla or Twitter? Is this Twitter train wreck situation hurting the global brand of Musk and therefore Tesla?"

Any improvement in inflation would give investors some confidence that the Fed may be closer to a slowdown in its rate-hike cycle, JPMorgan said.

"The risk distributions around our current oil forecasts are skewed squarely higher given spot demand continues to realize robustly," Goldman said.

Goldman Sachs expects the S&P 500 to generate $224 in earnings per share for 2023, down from its prior estimate of $234.

"It takes a lot of bad news to push S&P 500 multiples down to 15x, but this has happened 3 times in the last decade," DataTrek said.

Contrarian investing is the basis of Warren Buffett's famous quote: "Be fearful when others are greedy, and greedy when others are fearful."

A double-digit rally would have the market testing its prior record one-day surge last seen in October 2008, when the S&P 500 soared 11.6%.

"The main bearish theme for stock investors this year has been the old adage: 'Don't fight the Fed,' especially when the Fed is fighting inflation."

"Tracking managers will be systematically buying energy stocks and a net seller of technology stocks as the sector weights in the S&P 500 change."