JPMorgan’s Kolanovic Sees Stock Rout Overdone, Urges Dip Buying

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JPMorgan’s Kolanovic Sees Stock Rout Overdone, Urges Dip Buying

Bloomberg2021-09-21

Says selloff driven by technical factors amid poor liquidity Economic momentum seen picking up amid easing virus risk The S&P 500’s worst drop in six months on Monday is an opportunity to buy stocks ...

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CPCat
·2021-09-21
It's probably somewhere in between. Some stocks do look overvalued with high P/E or P/S ratios. Even when buying the dip, be selective.
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- Ckee:
  Selective
  2021-09-21
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Rickyt089
·2021-09-21
Like pls
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逢場作戲又一日
·2021-09-21
Gg
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deal2deal
·2021-09-21
ok
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  13
  2021-09-21
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- deal2deal:
  9
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- deal2deal:
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auniversea
·2021-09-21
??
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- JoeK:
  ok
  2021-09-21
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Swifty
·2021-09-21
Hmm
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- Roykhor77:
  Hmmmm
  2021-09-21
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DennisMe
·2021-09-21
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TinPLJ
·2021-09-21
Buy buy
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The S&P 500 dropped as much as 2.5% for the biggest decline since March, extending its loss from a Sept. 2 peak to almost 5%.\nAs the benchmark undercut its 50-day average for a second day in a row, failing to rebound from a reliable support that had been in place for the whole year, computer-driven traders like commodity trading advisers, or CTAs, stepped up selling. Volatility-targeted funds that allocate assets depending on price swings may be forced to sell as much as $40 billion of assets,warned Nomura Securities strategist Charlie McElligott.\nKolanovic reiterated the firm’s bullish stance on equities, noting the team last week upgraded the S&P 500’s year-end target by 100 points to 4,700 amid a subsiding wave of delta virus cases and better-than-expected earnings.\n“Risks are well-flagged and priced in, with stock multiples back at post-pandemic lows for many reopening/recovery exposures,” the strategists wrote. “We look for cyclicals to resume leadership as delta inflects.”\nThe upbeat view contrasts with Morgan Stanley’s Mike Wilson, whose worst case called for the S&P 500 to plunge more than 20% from its peak, a scenario that the strategist says looks more possible.","kind":"news","is_publish_news":true,"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":860246605,"gmtCreate":1632184645107,"gmtModify":1676530719642,"author":{"id":"3582520228861009","authorId":"3582520228861009","name":"CPCat","avatar":"https://static.tigerbbs.com/3bafaf3d39abfb78a4bedf785310721a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3582520228861009","authorIdStr":"3582520228861009"},"htmlText":"It's probably somewhere in between. Some stocks do look overvalued with high P/E or P/S ratios. Even when buying the dip, be selective.","listText":"It's probably somewhere in between. Some stocks do look overvalued with high P/E or P/S ratios. Even when buying the dip, be selective.","text":"It's probably somewhere in between. Some stocks do look overvalued with high P/E or P/S ratios. Even when buying the dip, be selective.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860246605","repostId":1149952271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5940589,"gmtCreate":1632186743732,"gmtModify":1663234185944,"authorId":3579468869888881,"author":{"id":3579468869888881,"idStr":"3579468869888881","authorId":3579468869888881,"name":"Ckee","avatar":"https://static.tigerbbs.com/59c83eb3fca0be8276df2d1f268e7e7e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860246605,"type":1,"supId":0,"prevId":0,"content":"Selective ","text":"Selective ","html":"Selective 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