Further gains will be harder to come by as warning signs continue to mount, JPMorgan strategist Mislav Matejka said in a Monday note.
The recent stock rebound "is drawing investors in. Many, who were convinced last summer that any rally should be seen as just a bear-market rally, are now nurturing increasing optimism that recession can be avoided altogether," he said. But, "we do not expect that there will be a fundamental confirmation for the next leg higher, and see rally fading as we move through this quarter, with Q1 possibly marking the high for the year," he added. .
1 meeting by 25 basis points, down from 50 basis points at its December meeting. However, the central bank noted it expects "ongoing" rate increases. A basis point equals 0.01 percentage point. "It might be premature to believe that recession is off the table now, when Fed will have done 500bp+ of tightening in a year, and the impact of monetary policy tended to be felt with a lag on the real economy, of as much as 1-2 years," Matejka said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How We'd Spec It: 2023 Chevrolet ColoradoWe've driven the new-generation Colorado mid-size pickup, but here's how we'd order them using Chevy's online configurator.
Read more »
Helen Mirren to honor late Queen Elizabeth at 2023 BAFTA AwardsOne Queen will honor the other.
Read more »
2023 Audi e-tron S/e-tron S Sportback: Same EPA Range, Higher Price2023 is not an easy year for enthusiasts of electric, high-performance Audi models, as the cars are getting more expensive, but do not bring range increases.
Read more »
British Academy Film Awards 2023 Red Carpet: See What the Stars WoreFan-favorite stars turned heads at the 76th British Academy Film Awards on Sunday, February 19 — see the photos
Read more »