US stocks will outperform their global peers, driven by tech, says JPM - Business Insider

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US stocks will continue to outperform their global peers, but don't expect a sustained value comeback, JPMorgan says

Investors should continue to overweight US stocks as they outperform their international peers, according to JPMorgan.

Growth stocks are poised to continue outperforming value stocks, as low bond yields will be unable "to support any prolonged rotation," according to JPMorgan.For investors weighing the global opportunity set in stocks, stay overweight the US relative to international, according to JPMorgan. And as technology stocks continue to prosper, don't expect a rotation back into value stocks any time soon.

Despite the decline in earnings for both regions, US earnings growth continues to show significant strength relative to European earnings growth, JPMorgan highlighted.

 

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