Page 34 - Nalyst Note News Today

"Overall, I think that the risk/reward certainly favors betting on an above-average bounce in the 'Bear Killer' month of October," Fundstrat said.

"The likelihood of central banks committing a policy mistake with negative global consequences has increased," JPMorgan said.

"Markets stop panicking when central banks start panicking but BoJ/BoE panics not yet credible nor coordinated," Bank of America said.

Falling home prices will help lower inflation and could ultimately lead to interest rate cuts by the Fed in the second half of 2023, according to ING.

"While the commitment to quash inflation makes sense, the battle against inflation is much younger" than it was in the early 1980s, Fundstrat said.

"This is a fundamental balance of payments crisis, with politicians hoping it will eventually just calm down. Hope is not a strategy," Nomura said.

"With the global growth outlook uncertain, the US dollar is likely to benefit both from its safe-haven quality and its yield advantage," UBS said.

"Bond crash in recent weeks means highs in credit spreads, lows in stocks are not yet in," Bank of America's Michael Hartnett said.

The "Fed could do far less tightening as the market is doing [the] Fed's work," Fundstrat's Tom Lee argued.

"Almost all S&P 500 returns occur [from] November 1 to the next year's April 30. Don't fight seasonality?" Bannister said.