Take out options on how the market will react to an array of 3Q results coming up, the firm says.
Banks’ so-so results don’t inspire confidence, as the stock market continues its losing ways.
Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
The First Quarter Was Bad for Asset Managers’ Stock, Even Though Their Fourth Quarter Earnings Ruled
Corporate profits are falling back to a more normal pace (absent some nightmare scenario intruding).
The kings of the tech realm have suffered stock slides but still command powerful advantages.