Page 44 - Nalyst Note News Today

"The 1932-33 bear market, which lasted 116 trading days (-40% peak to trough), had six distinct 10%+ rallies," Bank of America said.

Salesforce surged 10% on Wednesday after the company raised its full-year adjusted operating margin guidance to 20.4%.

Helping prop up the stock market are corporate buybacks, which are poised to hit a record annualized level of $1.2 trillion, JPMorgan said.

It's not hard to imagine oil prices trending higher over the summer months amid increases in travel demand and ongoing supply shocks from Russia.

Farrell spent his 45-year career working at Merrill Lynch and wrote these investing rules in 1998 when tech stocks dominated the market.

"In the latest sell-off, JPM estimates 3-4x higher buyback executions than trend, which implies the corporate put remains active," JPMorgan said.

"Until the Fed is less hawkish and oil breaks down, we'll stay with our 10:3 ratio of defensive value and selected growth," Stifel said.

"Our review of the constituents of the S&P 500 yielded few high-conviction setups, long or short," Katie Stockton said.

"Each cycle is different, but at some point, the sellers become exhausted, and the market posts a multi-week rally," NDR said.

The one catalyst that would reverse BlackRock's view on US stocks is if the Fed makes a dovish pivot and inflation quickly cools down.