Page 43 - Nalyst Note News Today

"If the economy is not already in a recession, history suggests the contemporary expansion may still last for several more years," Paulsen said.

"We stick with our view that stocks strengthen in 2H and even revisit prior highs," Fundstrat's Tom Lee said.

"The S&P 500 remains wound up in a tight intraday trading range, which has the potential to be resolved in dramatic fashion," Stockton said.

"Reduced demand for hedging equity risk is a bullish signal as it likely reflects low equity positioning by investors," JPMorgan said.

"We still believe $140/barrel is the level to watch as a recession indicator," DataTrek's Nicholas Colas said.

BofA said its retail clients are fueling their purchases of more cyclical sectors by selling commodity-oriented industrial and energy stocks.

If the signals fail to make the bullish upside moves Suttmeier is monitoring for, investors should expect the S&P 500 to fall as much as 16% to 3,500.

"The demand story for Technology is likely set to accelerate in next few years, and every major market bottom sees Nasdaq bottom 4-6 months ahead."

"No fun 'til Fed [is] done, and in 2022 that requires [a] negative payroll print," Bank of America said.

"Nasdaq 100 is cheaper today than at the absolute 70-year low of 2003. Yup, markets crashed worse than dot-com," Fundstrat's Tom Lee said.