S&P to Trade Between 3,600-4,200: JPMorgan Private Bank

The transcript discusses the narrowing window for a soft landing due to strong CPI data, suggesting a cemented 75 basis point rate hike. It highlights the implications for monetary policy, recession risks, and the dollar. The market's reaction was swift, with a prior rally in the S&P and a pullback in the dollar. The equity market is expected to be range-bound, with scenarios for mild recession and soft landing outlined.

What is a key factor that challenges the possibility of a soft landing according to the first section?

• Strong inflation indicators

• The Federal Reserve's ability to pivot

• Decreasing unemployment rates

• Rising consumer confidence

How did the market react to the recent CPI data?

• By increasing investments in bonds

• By ignoring the data

• With volatility and quick adjustments

• With optimism and stability

What does the market need to adjust according to the second section?

• Government policies

• Earnings expectations

• Interest rates

• Consumer spending

What is the expected range for the equity market by the end of the year?

• 4000 to 4500

• 4500 to 5000

• 3000 to 3500

• 3600 to 4200

What scenario does the 3600 index level represent?

• A severe economic downturn

• A mild recession

• A strong economic recovery

• A booming market