US Morning News Call | India Proposes Zero-For-Zero Tariffs On Steel, Auto Parts
Economist Slok Sees Fed Leaning Toward Cuts
JPMorgan traders "draw the line": U.S. stocks first break 6000, then hit a new low!
JPMorgan expects that, driven by factors such as the activation of CTA strategy and accelerated Share Buybacks, the S&P 500 Index will first challenge the 6000-point mark. However, afterwards, if investors hold a pessimistic view on the mid-term outlook under high tariffs, the market may retest low levels. JPMorgan agrees with the current widespread view of an economic recession and anticipates a significant decline in hard data such as non-farm employment and retail sales in the next 1-2 months.
Federal Reserve Still to Assess Tariff Impacts -- Market Talk
Deutsche Bank: The sell-off of USA Assets has been excessive.
Deutsche Bank pointed out that at the beginning of April, the USA market experienced significant volatility, but the panic regarding the dollar, USA Consumer data, and overall confidence in USA Assets may be exaggerated. From a relative valuation perspective, some cyclical USA Consumer stocks may begin to show investment attractiveness. Although policy volatility may persist, the narrative of "selling dollar Assets" may have reached its peak.
The "Big Four" mass layoffs in the USA.
Against the backdrop of slowing growth in the consulting Business, PwC laid off 1,500 employees in the USA. This is to address the historically high employee turnover rate, while low turnover has exacerbated the financial pressures faced by the Big Four accounting firms.
