Markets Could Reclaim Highs by Early Next Year Says JPMorgan Analyst 

Markets Could Reclaim Highs by Early Next Year Says JPMorgan Analyst 
фото показано с : beincrypto.com

2020-3-24 01:39

Dubravko Lakos-Bujas, the chief U.S. equity strategist at JPMorgan, believes that markets can recapture and even surpass all-time highs by next year. The necessary component for this massive reversal is all predicated on the containment of the coronavirus.

The prediction came in a note to clients from Lakos-Bujas, even as stocks collapsed further on Friday. The Dow Jones Industrial Average (Dow) had its worst week since October of 2008, closing 40% down from all-time highs.

Markets Coming Back for Vengeance

Lakos-Bujas argues that the current climate in stocks is massively oversold, leaving the potential for a significant upside. The far-reaching fear in the marketplace has soured investors to the potential for gains in the current environment.

However, if the U.S. government is able to pass a significant stimulus package, these losses could quickly be offset. This is, of course, contingent on the government being able to ‘flatten the curve’ of the outbreak to lessen the impact on the health care system. Lakos-Bujas said:

“Acknowledging that equity markets globally are now down 30-50% from their recent highs…we see an asymmetrical return profile for equities with upside significantly higher than downside over the next year.”

Would Bitcoin Follow?

The argument regarding equities markets could also apply to Bitcoin. The overall financial climate that gave rise to $10,000 prices has changed drastically.

However, the market may well have oversold. The fear in the market and the overall problems with unemployment and global economic shutdown have led to the current declines. Nevertheless, Bitcoin investors who bought the drop below $4,000 were rewarded with a significant price increase above $6,000.

Lakos-Bujas suggests that with the substantial economic stimulus from the U.S. government, along with containment of the coronavirus, markets will rebound. Should these measures go into effect, the overall response from investors would likely be a strong buy, leading to increased prices in these markets.

The post Markets Could Reclaim Highs by Early Next Year Says JPMorgan Analyst  appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Next.exchange Token (NEXT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 NEXT

markets jpmorgan year highs surpass all-time massive

markets jpmorgan → Результатов: 28


Фото:

Major Banks Suspend Stock Buybacks as Interest Rates Fall to Zero

Financial and crypto markets continue to quake as the coronavirus outbreak news worsens. Major US banks have taken steps to prevent stock buybacks that return capital to shareholders. According to reports, a group of major US banks including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs and two others have suspended […] The post Major Banks Suspend Stock Buybacks as Interest Rates Fall to Zero appeared first on BeInCrypto.

2020-3-17 22:20


Starbucks, Walt Disney and Adobe Are Blasting to Fresh Highs

As large financial institutions such as JPMorgan become bullish on the S&P 500, three major stocks – Starbucks, Walt Disney, and Adobe – are threatening to take out their all-time highs. Starbucks (SBUX) Resumes Strong Uptrend After a Three-Year Consolidation Period In trading and investing, there’s a saying that goes: “the longer the base, the […] The post Starbucks, Walt Disney and Adobe Are Blasting to Fresh Highs appeared first on CCN Markets

2019-7-17 21:00


Sensational Crypto Bull Run Sees VC Chief Triple Down $30,000 Bitcoin Price

By CCN: Kenetic Capital co-founder and managing partner Jehan Chu has said on “Bloomberg Markets: Asia” that he sees the bitcoin price surging to $30,000 by the year’s end. His projection of the bitcoin price comes after major financial institutions and technology conglomerates in the likes of Rakuten, Fidelity, Etrade, and TD Ameritrade have started to build services and infrastructure around the crypto asset market, with JPMorgan going as far as to develop its own digital asset.

2019-5-30 10:39


JP Morgan: “Participation by financial institutions in Bitcoin trading appears to be fading”. But is that really a correct claim?

The prolonged cryptocurrency plummet is off putting for institutional players, according to JPMorgan Chase & Co. , suggesting a change of feelings for cryptocurrency markets is happening. “Participation by financial institutions in Bitcoin trading appears to be fading,” analysts including Nikolaos Panigirtzoglou wrote in a research note dated Dec.

2018-12-18 21:31


JPMorgan Predicts U.S. Recession by 2020, Could Signal Bullish Return for Bitcoin

Cryptocurrency, Bitcoin (BTC), U. S. Markets–On Oct 18, Bloomberg ran a report on a model produced by large financial institution JPMorgan claiming that the U. S. market has a 60 percent chance of entering a recession over the next two years, leading some to wonder how such a shift would impact the industry and marketplace of cryptocurrency.

2018-10-23 04:29


Фото:

JPMorgan Includes Blockchain in Its Digital Transformation Plan: New Report

A new report by Research and Markets titled “Digital Transformation and Fintech Strategies of JPMorgan Chase” is shining light on the Wall Street giant’s plans for the future. The report suggests that the bank is depending on a digital transformation strategy that will include blockchain, artificial intelligence, and robotics, among other up-and-coming technologies.

2018-10-3 16:49