Recession Alert! JPMorgan's Kolanovic Foresees 20% Market Downturn
Portfolio Pulse from Nabaparna Bhattacharya
JPMorgan's chief market strategist, Marko Kolanovic, has forecasted a 20% downturn in the S&P 500 due to rising interest rates. He advises investors to consider cash as a safety measure and highlights the vulnerability of seven major tech stocks: Apple, Amazon, Meta Platforms, Alphabet, Nvidia, Tesla, and Microsoft. JPMorgan is ramping up securitization to strengthen its financial standing.
October 06, 2023 | 6:12 pm
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NEGATIVE IMPACT
Apple is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Apple's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Amazon's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Alphabet's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Alphabet's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JPMorgan is expected to face a challenging market environment but is taking proactive measures to strengthen its financial standing.
The forecasted market downturn and rising interest rates could negatively impact JPMorgan's performance. However, the bank is taking proactive measures such as ramping up securitization to bolster its financial standing.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Meta Platforms is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Meta Platforms' stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Microsoft's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Nvidia's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla is among the 'Magnificent Seven' stocks identified as vulnerable in the current market conditions.
The forecasted market downturn and rising interest rates could negatively impact Tesla's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80