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Recent "bearish singing in turn" on Wall Street: If the US economy declines, US stocks may fall back.
Peter Berezin, Chief Global Strategist of BCA Research, has lowered the annual target for the S&P to 3750 points, believing that the softness in consumer demand caused by the slowdown in the labor market is the biggest bearish trend for US stocks.
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JPMorgan strategist warns that the S&P 500 index may plummet by 23% by the end of the year.
On Friday, although the S&P 500 index hit a new high at one point during the day, JPMorgan analyst Marko Kolanovic and his team insist that there will be multiple unfavorable factors in the next few months, such as slowing US economic growth and downward revisions to corporate profits, and the US stock market will face challenges at that time. Kolanovic and others stated in their mid-year outlook report that there is a clear disconnect between the significant increase in valuations in the US stock market and the business cycle, and it is unreasonable for the S&P 500 index to rise 15% so far this year given the expectations of weakened economic growth. In the next few quarters, there may be deviations from optimistic expectations.
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