Page 37 - Nalyst Note News Today

"European gas prices have overshot fundamentals fueled by a combination of supply and demand concerns and exceptionally poor liquidity in the market."

"As further inventory falls trigger depletion risks, commodity returns for investors are likely to strengthen," Goldman Sachs said.

A big surge in new business formations after the COVID-19 pandemic "suggests a permanent increase in entrepreneurial behavior," UBS said.

"Demand is not the problem for Tesla, but supply has been and is now clearly on an upward trajectory," Wedbush analyst Dan Ives said.

Amazon has supplanted Microsoft as the most popular long holding among hedge funds, according to Goldman Sachs.

The bank estimates that for every €50/MWh increase on spot gas prices, headline inflation rises by one percentage point.

"We believe it would be a mistake for the Fed to increase risk of a hawkish policy error and endanger market stability," JPMorgan said.

"The VIX gapped up today after holding up near 20. With no resistance until ~35, a greater increase in volatility appears likely," Stockton said.

"This would not be the first time Berkshire Hathaway has publicly made a call on oil prices: but its track record has not always worked out so well."

JPMorgan forecasts that US CPI year-over-year inflation will fall from its recent peak of above 8% to just 3% by July 2023.