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Travel demand won’t return to normal until mid-2021, even in the best-case scenario, an analyst warns

Under the best-case scenario, with slowing case growth, a Stifel analyst says air travel demand could return in 2021. But airlines may suffer longer.
People stand under a sign of Swiss banking giant UBS at their headquarters on May 8, 2019 in Zurich.

UBS outlines an ‘enormous opportunity’ to buy up high-quality stocks and bonds following a sharp sell-off in recent weeks

Recent weeks saw equities across all S&P quality rankings tumble, and investors should "own high-quality names" when the virus threat fades, UBS said.
Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City.

BANK OF AMERICA: After a ‘Fast and Furious’ market downfall, investors should buy whatever the Fed buys

Investment-grade corporate bonds will jump first as the Fed begins buying debt and sector outflows slow, the bank's strategists said.
Photo taken on March 24, 2020 shows the New York Stock Exchange and George Washington statue on the Wall Street in New York, the United States.

JPMORGAN: The riskiest areas of the market have bottomed out for this recession — and now is the time for traders to start buying again

Markets typically bottom before recessions end, and enough criteria have been met for assets to surge in the second quarter, JPMorgan said.
A view of Bourbon Street amid the outbreak of the coronavirus disease (COVID-19), in New Orleans, Louisiana, U.S. March 25, 2020.

SOCIETE GENERALE: The S&P 500 is flirting with an upper limit — and could fall another 30% amid economic recession

Investors should buy stocks if S&P 500 falls below 2,100, the analysts said, adding positions grow risky if the index holds 2,400 amid the virus threat.
A man with a face mask crosses a street in Brooklyn, New York, United States on March 25, 2020.

JPMorgan slashes its GDP forecast for next quarter, now sees a 25% contraction and an imminent recession despite ‘Herculean’ stimulus meas...

The bank kept its estimates for an economic rebound in the second half of 2020, noting tight financial conditions offset hopes for a sharp recovery.
New York Stock Exchange building is seen at the Financial District in New York, United States on March 22, 2020. The "New York State on PAUSE" that executive order is in effect at 8 p.m. Sunday night, March 22nd.

Goldman Sachs: 4 key differences make the coronavirus-fueled bear market more worrisome than past slumps

Though rate cuts were helpful in past bear markets, historically low rates and widespread quarantines stifle their effectiveness today, Goldman said.
A man cycles past a shuttered movie theater in Times Square following the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 17, 2020.

From Broadway receipts to NBA attendance, these 6 charts from JPMorgan show the sudden collapse of key US industries as a coronavirus recession looms

The sectors account for more than 18 million jobs, leading a prolonged downturn to drive "likely stunning" hits to US employment, the analysts wrote.
Members of the Military Emergency Unit (UME) patrol in an almost empty Puerta del Sol square during partial lockdown as part of a 15-day state of emergency to combat the coronavirus disease outbreak in Madrid, Spain March 16, 2020.

Morgan Stanley officially says a global recession is now its base case as the coronavirus outbreak escalates

The bank's economists estimate the coronavirus-fueled recession won't be as dire as the 2008 financial crisis but will overshadow 2001's downturn.

GOLDMAN SACHS: US stocks could plunge another 20% after falling into a coronavirus-led bear market

The coronavirus' "financial and societal devastation" will drag the S&P 500 to its lowest level in four years before a sharp recovery, Goldman said.