) maintained its notoriously bearish stance on equities, advising clients that stocks do not present an attractive investment opportunity at present.
Moreover, the strategist highlighted the impact of restrictive interest rates expected to persist, elevated inflation, stretched investor positioning, consumer stress, and geopolitical uncertainty as reasons for the firm's defensive positioning."We do not see equities as attractive investments at the moment and we don’t see a reason to change our stance."
Along these lines, JPMorgan reiterated its recommendation for investors to be underweight in equities and credit, while suggesting an overweight position in commodities and cash. However, this impact was partially mitigated by a favorable position in commodities and the benefits of high cash and fixed-income yields.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: NOAA - 🏆 160. / 63 Read more »