Investors should put more money in gold and cash as rally in stocks won't last, top JPMorgan analyst says

A top JPMorgan Chase & Co. analyst who has been warning clients to stay away from stocks all year is doubling down and advising them to increase their allocations to cash and gold.

JPMorgan Chief Global Markets Strategist Marko Kolanovic advised clients to modestly reduce their exposure to U.S. stocks and corporate debt and up their holdings of cash and short-dated Treasury bills that carry yields north of 5%. “Within commodities, we rotate from energy , to gold following its recent selloff ,” the analysts said.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

JPMorgan Chase And QC Ware Collaborate On Quantum Finance Breakthrough In Deep HedgingVice President of AI & Quantum Computing, Paul Smith-Goodson gives his insights on the collaboration between JPMorgan Chase and QC Ware on Quantum finance breakthrough.
Source: ForbesTech - 🏆 318. / 59 Read more »

Stock market today: Dow falls 140 points as investors await debt ceiling deal By Investing.com*U.S. STOCKS END MIXED AS INVESTORS AWAIT DEBT CEILING DEAL $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »