Page 45 - Nalyst Note News Today

"This 'revenge travel' dynamic might be coming up against tougher comps. And this could slow the need for hiring," Fundstrat's Tom Lee said.

"The market is simply not valuing resource companies at reasonable levels given any plausible base case for how the world might play out," GMO said.

"We think bitcoin is late to the capitulation in risk, and a wash-out we see coming for bitcoin helps time an equity low," Stifel said.

"The recent breakdown below the weekly cloud [support] reflected negative intermediate-term momentum," Katie Stockton said.

If the economy avoids a recession, there is still a downside scenario where surging interest rates take a bite out of valuations, Goldman said.

Musk has "cold feet on the Twitter deal with the bot issue not a new issue and likely more of a scapegoat to push for a lower price," Wedbush said.

"The bottom line is that this bear market will not be over until valuations fall to levels that discount the kind of earnings cuts we envision."

"Equity markets price in too much recession risk," Kolanovic said, highlighting that the US stock market has priced in a 70% chance of a recession.

Companies are also competing for talent, and a falling stock price doesn't help with the retention of employees who have stock-based compensation.

The S&P 500 is proving resilient as it trades near 4,000 and is not yet pricing in an economic recession at current levels, DataTrek said.