The stock market could see upside peak this summer as investors fail to read signs of a slowdown and keep piling into stock markets, says JPMorgan strategist Marko Kolanovic.
In a stark reversal from the past decade, the stock market environment has become far more eclectic, with a diverse range of styles, sectors and regions outperforming this year, in what Goldman Sachs strategists have labelled a “pick and mix” market.
Assuming domestic oil production has reached its limit for now, the U.S. could pose less of a threat to OPEC+ market share moving forward. Instead, it is the potential for weaker-than-expected global energy demand that could end up being the cartel’s...