The Fed isn't going to make things easy for the market and stocks still have at least another 7% to fall, JPMorgan's chief equities strategist says

Jan 4 2023 by Business Insider

 

AP Photo/Susan Walsh

Stocks still have at least 7% more to fall before hitting a bottom, according to JPMorgan's chief stock strategist Dubravko Lakos. He told CNBC that earnings estimates for 2023 are still too high, and the Fed would likely stay restrictive on monetary policy. "I don't think the Fed is going to make it easy for the market. They will probably stay restrictive too long, too long," Lakos warned.

The Federal Reserve isn't going to make things easy for the market, and stocks...

Continue Reading The Fed isn't going to make things easy for the market and stocks still have at least another 7% to fall, JPMorgan's chief equities strategist says