Page 4 - Nalyst Note News Today

"If you don't think the Fed is making a policy error, it's a great year for stocks ahead," Fundstrat's Tom Lee said.

Wedbush analyst Dan Ives increased his sales estimate of the Vision Pro to more than 600,000 units in 2024 from a prior estimate of 460,000 units.

"That the market did not buckle in January and our models have remained bullish support the case for the cyclical bull to continue," NDR said.

"The labor market is such a tricky one. [Before a downturn] it always looks like it's not too bad, and then it goes south quickly," Esther George said.

"We expect the rally to broaden out as inflation falls further, the Fed starts to cut rates, and the market sticks to its rosy macro outlook."

"The bottom line is that the stock market has tended to rally in the year after the first cut," Ed Clissold of Ned Davis Research said.

"The problem with meltups is that they do need to meltdown," market veteran Ed Yardeni told CNBC on Wednesday.

"Recent economic prints and shipping disruptions suggest there is risk to the consensus equity view of a very dovish Fed," JPMorgan said.

"Irrational exuberance would make a comeback in this scenario. It's a lot of fun for stock investors while it lasts," Ed Yardeni said.

The lagged effects of the Federal Reserve's interest rate hikes, combined with dwindling household cash buffers, could spark a recession.