Page 42 - Nalyst Note News Today

"These two markets bear watching. After all, a recession would be a massive headwind for QQQ and China equities," Fundstrat's Tom Lee said.

The S&P 500 would be currently trading at 2,027 if it saw annualized gains of just 7% from 2012 through today, SIG's Chris Murphy observed.

"While the probability of recession increased meaningfully, we do not see it as a base case over the next 12 months," JPMorgan said.

If the S&P 500 falls to 3,300, investors should "bite" on stocks, and a decline to 3,600 means investors should "nibble" on buying stocks, BofA said.

"There appears to be heightened concerns about the prospect of a US recession which could become self-fulfilling if they persist," JPMorgan said.

"We need to see more market stress before believing stocks are truly washed out enough to buy for a trade," DataTrek's Nicholas Colas said.

BofA's call for more misery could be correct, as a V-shaped recovery similar to the one seen in March 2020 is more of an exception than the rule.

"We're not pounding the table on buying stocks right now because of a growing risk that the Fed tightens too much," BlackRock said.

"Our positive view is driven by the fact that the year-to-date move in markets prices in more than enough recession risk," JPMorgan said.

"Momentum gauges point lower, and short-term oversold conditions are not widespread," Fairlead Strategies' Katie Stockton said.