JPMorgan wants to know why you are still holding U.S. stocks.
The new quarter kicked off with a fresh shock for investors after several major oil producers decided to cut more than 1 million barrels of oil per day from circulation starting next month.
Among the extra wary out there is JPMorgan, who in our call of the day says the risk of holding stocks, particularly in the U.S. where they advise an underweight, is no longer worth it. The strategists don’t think the early-year activity upswing, fueled by Europe’s falling natural-gas prices and China’s reopening, will continue feeding gains.
Also there’s a sentiment issue, as they say from a very downbeat view six months ago, “investors are now net long the market, and the sentiment is near complacent.” The buzz Major oil companies — Exxon Mobil XOM , Chevron CVX , ConocoPhilips COP , BP BP and Shell SHEL — are climbing after those surprise production cuts from several members of the Organization of the Petroleum Exporting Countries and allies. The trigger for that was reportedly Saudi Arabia getting irked after a U.S. energy official ruled out replenishing the Strategic Petroleum Reserve last month.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sergey Brin among billionaires subpoenaed in JPMorgan-Epstein suit: reportSergey Brin is one of 4 billionaires subpoenaed in a lawsuit about JPMorgan's links with Jeffrey Epstein, report says
Weiterlesen »
How stock trader made 2,700% returns trading small-cap stocksA stock trader who's returned 2,700% since late-2020 by betting on risky small-caps shares 7 criteria he uses to pick stocks— and explains how he used trading to survive after fleeing Venezuela
Weiterlesen »
ETF outlook: Why Wall Street strategists aren't chasing a growth stock trade just yetThese themes and sectors could be winners in the second quarter, according to strategists' insight and recent trends.
Weiterlesen »
Elon Musk broke the law with a tweet about Tesla stock options, court rules - AutoblogThe US 5th Circuit Court upheld a ruling by the NLRB saying the Tesla CEO broke the law by threatening employees' stock options if they unionized.
Weiterlesen »
Elon Musk broke law with tweet about Tesla stock options, court rulesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
You could use your employee stock holdings to buy a houseBut, should you?
Weiterlesen »