J.P. Morgan trade desk splits with Kolanovic on stocks, loves Magnificent 7

seekingalpha02-07

Traders at J.P. Morgan are reversing their cautious call on U.S. stocks. Less than a month into the recommendation, the trade desk now says it is "tactically bullish" on U.S. equities (NYSEARCA:SPY) (...

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Less than a month into the recommendation, the trade desk now says it is \"tactically bullish\" on U.S. equities (NYSEARCA:SPY) (...</p>\n\n<a href=\"https://seekingalpha.com/news/4063580-jp-morgan-trade-desk-splits-with-kolanovic-on-us-stocks-loves-magnificent-7\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>J.P. Morgan trade desk splits with Kolanovic on stocks, loves Magnificent 7</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJ.P. Morgan trade desk splits with Kolanovic on stocks, loves Magnificent 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-07 18:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4063580-jp-morgan-trade-desk-splits-with-kolanovic-on-us-stocks-loves-magnificent-7><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders at J.P. Morgan are reversing their cautious call on U.S. stocks. Less than a month into the recommendation, the trade desk now says it is \"tactically bullish\" on U.S. equities (NYSEARCA:SPY) (...</p>\n\n<a href=\"https://seekingalpha.com/news/4063580-jp-morgan-trade-desk-splits-with-kolanovic-on-us-stocks-loves-magnificent-7\">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":"GOOG","symbol_name":"谷歌","start_time":0,"source_url":"https://seekingalpha.com/news/4063580-jp-morgan-trade-desk-splits-with-kolanovic-on-us-stocks-loves-magnificent-7","article_id":"2409249129","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409249129","pubTimestamp":1707302943,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Traders at J.P. Morgan are reversing their cautious call on U.S. stocks. Less than a month into the recommendation, the trade desk now says it is \"tactically bullish\" on U.S. equities    .  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Morgan are reversing their cautious call on U.S. stocks. Less than a month into the recommendation, the trade desk now says it is \"tactically bullish\" on U.S. equities (NYSEARCA:SPY) (NASDAQ:QQQ) (VOO) (IVV).  As first reported by Bloomberg, that stands in contrast to the global strategy team, headed by Marko Kolanovic, which has consistently warned about stretched valuations in tech names and the all-in attitude of the market on a U.S. soft landing. \"The Cautious call we held since the second half of January has proven overly conservative, primarily driven by a lack of strong conviction in MegaCap Tech earnings to beat a higher buyside bar, a lack of positioning tailwinds, and the potential for a pullback given the run over the last 3 months,\" U.S. strategist Andrew Tyler and international strategist Junho Jung wrote in a note.  \"That mea culpa aside, what has changed? MegaCap Tech earnings whose stocks prices are in the process of de-coupling from bond yields.\" \"Also, the macro story continues to reveal an economy that keeps pace at an above-trend pace with no material signs of falling below trend in the near-term,\" they added. \"That above-trend growth should continue to translate to positive revenue growth.\" In his most recent note, Kolanovic wrote that market concentration \"continues to flash a warning sign as we are near the highs of the Dotcom era.\" \"Stocks at highs effectively means that stocks are not pricing in any chance of recession and a low VIX (VIX) echoes the strong sentiment.\" The \"spread between cap weight and EPS weight is worse than in the Dotcom era, and the sector composition was better then, with only 4 sectors represented in the top 10 vs 6 sectors in 2000,\" he said.  \"The megacaps’ high multiples have enjoyed an extended period of better growth, but being geared to the consumer and advertising revenues, they may prove to be more cyclical than expected.\" The trading desk recommends longs in Megacap Tech, chips (SMH) (SOXX), bank (KBE), credit cards, retailers (XRT) (RTH), homebuilders (XHB) (ITB) and transports (IYT) (XTN). \"This week there are few catalysts and even hawkish Fedspeak should not significantly impact the Mag7 names, propelling the index higher but at a potentially slower pace,\" they said. \"At this point, if there is a level beyond OW, you may consider doing that with the Mag7 (AAPL) (AMZN) (GOOG) (GOOGL) (META) (MSFT) (NVDA) (TSLA) (hedging with) a combination of Credit ETFs (LQD) (CORP), Utilities (XLU), and EM Equities (EEM) and Debt.\"  More on the markets  My Current View Of The S&P 500 Index: February 2024 Edition (Technical Analysis) 2024 Analyst Outlook: Yiannis Zourmpanos On Cautious Optimism For The New Year EMU Q4 2023 GDP Stagnates, Underscoring Divergence With The U.S. The stocks-bonds script flips as global debt hits a new record Barron's picks trailed the benchmarks in 2023 as it missed the megacap boat","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409249129"}