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Truist Reinstates Tech Sector to Overweight Status After Sharp Selloff
Jpmorgan: If there is no urgency for the Federal Reserve to relax monetary policy, US stocks still face risks.
JPMorgan's newly appointed market strategy director stated that the US stock market is no longer a one-sided upward trend, but rather a growing number of two-sided trends. The recent rotation of stocks appears to be closing out cycles rather than the beginning of trend-selling over the entire cycle. Kolanovic was JPMorgan's former market strategy director who left in July. An analysis article by Wall Street News pointed out that his departure might not be good news for the US stock market.
Express News | Fed's Goolsbee Says We Are Getting Back To More Normal Conditions In The US Economy
S&P 500 Closes 2.3% Higher, Notches Best Session Since January 2023: Fed's Barkin Downplays Unemployment Concerns
Express News | Fed's Barkin Says Economic Numbers Approaching Normal Levels; Lowering Rates In July Needed Conviction On Labor Market Or Inflation Control; Equity Markets Show No Recent Cataclysmic Event; Financial Markets Considering Both Modal Outlook And Tails
Express News | Fed's Barkin Says Time Needed To Determine If Economy Is Steadily Normalizing Or Requires Intervention; Economic Numbers Approaching Normal Levels