Wall Street’s biggest bear, Chief Market Strategist Marko Kolanovic, is leaving JPMorgan Chase & Co. after 19 years. According to internal memos, Kolanovic is departing to pursue new opportunities, as first reported by Bloomberg News. Kolanovic’s exit comes after a challenging two-year period of market calls where he stayed bullish...
On Tuesday, the S&P 500 closed at a record high, boosted by anticipation of a strong upcoming earnings season. LPL Financial expects this season to be “solid,” but increasing growth estimates for the latter half of 2024 might be challenging. Jeff Buchbinder, chief equity strategist at LPL Financial, remarked that...
After a strong 14.5% rise in the first half of the year, S&P 500 futures indicate a challenging start for the second half of 2024, according to Michael Kramer, founder of Mott Capital Management. Kramer notes that the cautious start to July follows a concerning end to June, making stocks...
A strategist warns that a lack of budget restraint from either Biden or Trump could result in more frequent weak Treasury auctions. A significant takeaway from Thursday night’s debate between President Joe Biden and Republican challenger Donald Trump is that the U.S. is unlikely to see fiscal restraint regardless of...
Market Response Post-Debate Markets reacted swiftly to Thursday’s debate, anticipating a higher chance of former President Donald Trump defeating President Joe Biden. Stock-index futures and the U.S. dollar rose as Vice President Kamala Harris acknowledged Biden’s “slow start.” Scaramucci’s Shift in Perspective Anthony Scaramucci, managing partner of SkyBridge and former...
As the U.S. stock market nears the end of June, Bespoke analyzed the typical first-half performance of the S&P 500. The S&P 500 index is on track to post significant gains for the first half of 2024, poised to surpass the historical average, according to Bespoke Investment Group. “The end...
