Stock Bull Run Rolls On With JPMorgan Doubling Down on Reflation

Bloomberg2021-05-10

(Bloomberg) -- It’s all very simple. The economy isn’t strong enough for the Federal Reserve to taper stimulus, therefore stay-at-home tech shares will rally. And any efforts to heal the economy are ...

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Comments

Jia92
2021-05-10
Jia92
Please comment
- Jia92:
  Comment
- Yongkiat:
  Done
- Yang Sheng:
  hihi
虎媽
2021-05-10
虎媽
Like n comment thanks
- Huatmoney:
  Done reply pls
ycwoo
2021-05-10
ycwoo
Like pls
- tkltkl:
  Done
Alanshi55
2021-05-10
Alanshi55
Bull run
KryZ
2021-05-10
KryZ
Hmm...all the more that major correction will come...
- Dom124:
  Wow
- SThang:
  [Surprised]

Leave a comment

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The economy isn’t strong enough for the Federal Reserve to taper stimulus, therefore stay-at-home tech shares will rally. And any efforts to heal the economy are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-bull-run-rolls-jpmorgan-200000275.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/stock-bull-run-rolls-jpmorgan-200000275.html","article_id":"1145718364","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/stock-bull-run-rolls-jpmorgan-200000275.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1145718364","pubTimestamp":1620634518,"columns":[],"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"(Bloomberg) -- It’s all very simple. 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The Russell 1000 Value Index and its growth counterpart both ended Friday 0.8% higher, after value outperformed every day this week.Meanwhile, JPMorgan strategists led by Marko Kolanovic are doubling down on the reflation trade. Just days after warning that many money managers need to quickly switch gears from their deflationary playbook or risk an “inflation shock,” Kolanovic recommended clients increase their tilt toward cyclical and value assets. He advised investors to cut holdings in cash and credit, using the money to buy commodities and stocks.“We expect a strong pickup in inflation this year, which the market will likely be slow to recognize and is poorly positioned for,” Kolanovic and his colleagues wrote in a note Friday. “A combination of boomy global growth and significant bottleneck price pressures should keep inflation on an upward trajectory while most central banks remain committed to their very accommodative stances and are looking through the inflation pickups.”And even for all the hand-wringing over inflation, the latest batch of quarterly reports suggests it’s already here and helping corporate America. Faced with rising prices for everything from lumber to oil to labor and computer chips, chief executive officers have cut costs and boosted prices for their products.As a result, first-quarter income from S&P 500 companies is jumping five times as fast as sales, data compiled by Bloomberg Intelligence show. Based on actual results and analyst estimates for those yet to report, profits probably surged to an all-time high of $48.21 a share. That’s 13% above the record set in 2018 of $42.79.The next test for the equity market’s cheer comes in Wednesday’s inflation data, which is expected to show that price pressures jumped by the most on an annual basis since 2011. But given that Fed chief Powell has said that the central bank will need to see a “string” of strong data before shifting their stance, it’s likely that April’s payroll miss was a big enough blow to keep them on the sidelines.“It justifies the Fed, it keeps them from having their tapering discussion or thinking about raising rates,” said Ross Mayfield, investment strategy analyst at Robert W. Baird & Co.. “That by and large is supportive for equity markets.”","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":190529403,"gmtCreate":1620635919302,"gmtModify":1704345893343,"author":{"id":"3581759598893994","authorId":"3581759598893994","name":"Jia92","avatar":"https://static.tigerbbs.com/1f0c4ac1be2c8822a722a90ccf6bdc7e","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3581759598893994","authorIdStr":"3581759598893994"},"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please 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"}],"langContent":"EN"},{"id":190568219,"gmtCreate":1620635272631,"gmtModify":1704345883476,"author":{"id":"3565146699964497","authorId":"3565146699964497","name":"ycwoo","avatar":"https://community-static.tradeup.com/news/2f48b4bbc66c0bf509f7199142c1a2f2","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3565146699964497","authorIdStr":"3565146699964497"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190568219","repostId":1145718364,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4279371,"gmtCreate":1620636923949,"gmtModify":1680787894888,"authorId":3582633493554563,"author":{"id":3582633493554563,"idStr":"3582633493554563","authorId":3582633493554563,"name":"tkltkl","avatar":"https://static.tigerbbs.com/42fe1d9beb5610061b288720768fd77b","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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run","listText":"Bull run","text":"Bull run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190561830","repostId":1145718364,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190560603,"gmtCreate":1620634874102,"gmtModify":1704345877493,"author":{"id":"3574671514316116","authorId":"3574671514316116","name":"KryZ","avatar":"https://community-static.tradeup.com/news/8657f0cc14de942f5047d99219cd2d75","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574671514316116","authorIdStr":"3574671514316116"},"htmlText":"Hmm...all the more that major correction will come...","listText":"Hmm...all the more that major correction will come...","text":"Hmm...all the more that major correction will come...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/190560603","repostId":1145718364,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4279121,"gmtCreate":1620634958187,"gmtModify":1680787890230,"authorId":3582247303959033,"author":{"id":3582247303959033,"idStr":"3582247303959033","authorId":3582247303959033,"name":"Dom124","avatar":"https://static.tigerbbs.com/c1a881a74ff2ed3469764a633b2198ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190560603,"type":1,"supId":0,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"},{"id":4279132,"gmtCreate":1620635079713,"gmtModify":1680787889829,"authorId":3573867592483255,"author":{"id":3573867592483255,"idStr":"3573867592483255","authorId":3573867592483255,"name":"SThang","avatar":"https://static.tigerbbs.com/b384ec0a131a035c9730e70055cdba15","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190560603,"type":1,"supId":0,"prevId":0,"content":"[Surprised]","text":"[Surprised]","html":"[Surprised]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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