Page 32 - Nalyst Note News Today

"We still see $69 billion of future profit potential from AWS, advertising and 3rd-Party services that Amazon can unlock over the next 3 years."

"If like us you believe job losses mean new highs in spreads it's a bear market rally, lows yet to be seen, and rules of road remain," BofA said.

"If commodities instead soar (oil/war), then it's extremely unlikely the S&P 500 meaningfully rises, based on all secular bear market precedents."

Geopolitical risks are percolating in China after President Xi Jinping cemented his power over the weekend, but JPMorgan sees an opportunity to buy.

"A Fed shift to a slightly less hawkish stance might not be enough for growth sectors to regain sustained leadership," Ned Davis Research said.

"The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock," Dan Ives said.

Central banks are "petrified of market consequences of liquidity withdrawal," BofA's investment strategist Michael Hartnett said.

The difference of a bear-market bounce vs. a sustained rally is that "the latter has a wall of worry that gradually pulls investors into the market."

A Fed pause could come at a time when investors' net allocation to stocks is at a lower level than in 2008, Fundstrat said.

"The next two months are likely to see the year-over-year pace decline. Why? Favorable comparables," Raymond James said.