Investors should steer clear of US stocks and pile into bonds as a recession is guaranteed if the Federal Reserve wants to bring inflation back down to its target, according to JPMorgan's top strategist.
US stocks have enjoyed a strong start to the year, with the benchmark indexes S&P 500 and the Nasdaq Composite up 8% and 15%, respectively, largely due to rapidly cooling inflation. US inflation has moderated since mid-2022, coming in at 6.5% in December, thanks to the Fed's aggressive interest-rate hikes. The central bank recently raised the benchmark rate by 25 basis points, taking the cumulative increase since last March to 450 basis points.
My dad warned me about this half a century ago. Go with AAA corporate bonds. He told me August 15, 1971. He said roughly between 2020 and 2025, which happened a few months ago, that they were going to take the dollar down. Get ready it’s gonna be a bumpy ride.
This guy flip flops like a fish out of water. I'm on the other side of this trade. S&P will get to 4800 by EOY.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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