Stock Market Outlook: 5 Reasons Why Investors Should Stay Bullish
"The Fed just told us the economy is still too hot to stop hiking, bad news for bonds but good news for cyclicals and stocks," Bank of America said.
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"The Fed just told us the economy is still too hot to stop hiking, bad news for bonds but good news for cyclicals and stocks," Bank of America said.
"The current change in interest rates is about 5 times larger than the 2002-2008 increase," JPMorgan's Marko Kolanovic warned.
The US economy is entering an inflection point in the upcoming fourth quarter as a number of risks converge at the same time.
Higher oil prices could be offset by a decline in electric utility bills during the fall months, assuming normal weather, Goldman Sachs said.
"October has its share of big down days, but these down days often provide an opportunity for dip buyers ahead of better seasonality," BofA said.