RE:calm and wait , JPMorgan : sell-off is overblown.Agreed, just waiting for divy money though lol...
You love these headline however...wait WHAT...isnt' oil $83.31 RTQ?
Well on a positive side at least we are conditioning the public to know $83 is a price "after tumbling" LOL
"Oil Tumbles as U.S. Equities Collapse Amid Rate-Hike Fears" https://www.bloomberg.com/news/articles/2022-01-23/oil-gains-on-outlook-for-rising-demand-as-omicron-wave-fades?srnd=premium-canada riky144 wrote: JPMorgan’s top stock strategist Marko Kolanovic said in a note Monday that the sell-off is overblown.
“The recent pullback in risk assets appears overdone, and a combination of technical indicators approaching oversold territory and sentiment turning bearish suggest we could be in the final stages of this correction,” Kolanovic said. “While the market struggles to digest the rotation forced on it by rising rates, we expect the earnings season to reassure, and in a worst case scenario could see a return of the ‘Fed put.’”
As it was for Omicron, so now the market needs time to understand that even the increase of rates in America and Europe will not hinder economic growth and the oil price.calm and wait