Page 9 - Nalyst Note News Today

Fund flow data show investor skepticism is high as retail investors ditched stocks in October at the fastest pace since 2021.

"We estimate for every $100 of cloud Azure spend with MSFT the last few years there is an incremental $35-$40 of AI spend for [MSFT]," Dan Ives said.

"We expect a few days of healthy consolidation, but we would not pare back exposure because short-term upside momentum remains strong," Stockton said.

This isn't the first time Taylor Swift has occupied the head space of Wall Street forecasters and economists this year.

The S&P 500's breakout "increases the likelihood of a test of more important resistance near 4,600 between now and year-end."

"We expect substantially slower growth in 2024, a rising unemployment rate, and meaningful reductions in the federal funds rate," UBS said.

"You know what tends to happen when profits are at a record? Stocks tend to follow, something we expect to see in 2024," Ryan Detrick said.

"Central banks may simply bail out governments in coming years via quantitative easing and the introduction of yield curve control," BofA said.

"It is difficult to distinguish between a healthy slowdown and the initial stages of recession without the benefit of hindsight," JPMorgan said.

Rising air pollution in China is showing signs of a "synchronized economic expansion" across the country's five largest cities.