Stocks to fall further as allocations are 'significantly above average levels':JPM

Global equity allocations remain significantly above average levels, although there has been a noticeable pullback in recent weeks, the strategists said in a note to clients.

"The cash allocation remains extremely low by historical standards posing vulnerability to both equities and bonds going forward," the analysts said. The combination of these factors has led to a correction in risk assets, especially equities, while prompting a rally in traditionally safe assets such as government bonds, the yen, and the Swiss franc.

This unwinding has been one of the most severe since the Silicon Valley Bank crisis, erasing gains made earlier in the year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Here's what usually happens to UK stocks when the Bank of England cuts interest ratesCNBC Pro analyzed FTSE 100 and FTSE 250 stock market data since 1986 and found that stocks reacted conclusively.
Source: CNBC - 🏆 12. / 72 Read more »

US stocks jump as Fed keeps rates steady but signals closing in on first cutUS stocks jump as Fed keeps rates steady but signals closing in on first cut
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks: Japan tumbles as BOJ vows more rate hikes, China rebound stallsAsian stocks: Japan tumbles as BOJ vows more rate hikes, China rebound stalls
Source: Investingcom - 🏆 450. / 53 Read more »

Japan stocks tumble as yen strengthens, most Asia markets rise after Powell signals rate cutAt his press conference, Fed Chair Jerome Powell said a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.
Source: NBCNewYork - 🏆 270. / 63 Read more »