This story requires our BI Prime membership. To read the full article,John Normand, JPMorgan's head of cross-asset fundamental strategy, is putting six big developments in perspective as positive or negative developments for markets. He's also ranking their significance.
The strategist says he's not making big overall changes, but details some adjustments that could help investors endure the market's latest gyrations.Almost every Wall Street expert is predicting more volatility this year than last. But even with that in mind, the first week of 2020 has been a dramatic one.
John Normand, head of cross-asset fundamental strategy for JPMorgan, decided to rank the six biggest issues facing the market between now and the end of the first quarter. And while he's not changing his overall forecasts for now, he's explaining how these developments fit into his current approach. Here are Normand's six critical developments for the stock market, ranked in ascending order of importance, from least significant to most.That's right, impeachment rates as the sixth-most important issue of the next three months.