Page 8 - Nalyst Note News Today

When the Gallup Poll Presidential Approval Rating is between 35% and 50%, as it is today, the Dow has delivered an average annual return of 9.9%.

"We anticipate our coverage universe [internet companies] will broadly re-accelerate revenue growth to more normalized levels" in 2024, JPMorgan said.

"Increased savings and household wealth adds further reinforcement to consumer resilience," Bank of America said.

"The breakout is a bullish long-term catalyst for Europe's largest economy," Fairlead Strategies' Katie Stockton told Business Insider.

"We continue to expect stocks to do quite well and we remain overweight equities," Carson Group's Ryan Detrick said.

Annual real GDP growth for the US in 2023 is expected to be nearly 2.5%, which is more than quadruple estimates from earlier this year of just 0.5%.

"Our intermediate-term trend-following indicators support a bullish bias for the next several weeks," Fairlead Strategies' Katie Stockton said.

"China's economy is in a property-led and fertility-led depression," Ed Yardeni said, adding that China is "the world's largest nursing home."

"Unfortunately, bearish fear sells, and bulls are routinely doubted and panned. So, get ready for another year of analysis paralysis," BMO said.

"The net margins of the Magnificent 7 are twice the margins of the rest of the index, and consensus expects this gap will persist through 2025."