📑 Research Notes for 2022-06-27
This week we look at the Fed's testimony in Congress, and various strategist's viewpoints on what lay in store for U.S. equities.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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Powell Says U.S. Recession Is 'Certainly a Possibility'.
Federal Reserve Chair Jerome Powell says that while a US recession is a possibility, it is not the Fed's intended outcome. He speaks during his semiannual testimony to the Senate Banking Committee.
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Don't Fight the Federal Reserve, Bank of America Strategist Says.
Ajay Kapur, head of Asia Pacific and global emerging-markets strategy at BofA Securities, discusses policies of central banks including the Federal Reserve, and the implications for economies and markets. He also talks about the outlook for China's economy, and the opportunities he sees in global markets.
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S&P 500 May Be 24% From Bottom, Market History Shows.
Societe Generale says the S&P 500 Index may have another 24% to fall by year-end, using the past 150 years of financial-market history as a guide.
🔗 Source
Morgan Stanley Says U.S. Stocks Could Crash Another 20% As Risks Of A Recession Rise.
Morgan Stanley's Mike Wilson has said the risks of a recession are rising and stocks could fall another 20% if growth goes into reverse. The chief US equity strategist said that even if the economy avoids recession, stocks still likely have a way still to fall. Wall Street analysts have downgraded their forecasts for the US economy after the Fed hiked rates by 75 basis points last week.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and managing director of Conscious Capital Advisors and a CFA® Charterholder.
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