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JP Morgan's market-moving strategist says rally has further to go: 'Pain trade is on the upside'

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Top J.P. Morgan Chase strategist Marko Kolanovic doubled down on his bullish market call Monday given 'significant' progress in trade deliberations and Fed policy.

 

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Stocks plummet as JP Morgan commentary calls Trump's tweets about a China trade deal 'completely fabricated''It doesn’t seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump’s tweets,” traders from JP Morgan wrote in their desk commentary Tuesday. China says no trade agreement happened. Can't believe Trump....AGAIN. This is what he has done every single time he deal with world leaders. He ramps up the crisis, blames everyone, then tweets how in love they are with each other. Then BAM, comes the truth from the other country (not our WH though, they just keep spinning) about no deal. Fabricated - meaning Trump lied again. Millions of people are being affected by his lies. Market losses. Businesses upended.
Source: Newsweek - 🏆 468. / 52 Read more »