JPMorgan in a note said that now is the time to move into European stocks. The bank's equity strategists previously had favored US stocks, but"now believe that that there is a tactical opportunity opening up for eurozone to catch up." This comes despite obvious threats in the European economy, namely Brexit and a slowing German economy that could be headed for recession. The analyst upgraded the euro region to overweight while pushing the US to neutral.
JPMorgan in a note said that now is the time to move into European stocks. The bank's equity strategists previously had favored US stocks, but"now believe that that there is a tactical opportunity opening up for eurozone to catch up." This comes despite obvious threats in the European economy, namely Brexit and a slowing German economy that could be headed for recession. The analyst upgraded the euro region to overweight while pushing the US to neutral.
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