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JPMorgan's 5 reasons that the risk-reward for US equities is poor & why they "favour cash"

JPMorgan's 5 reasons that the risk-reward for US equities is poor & why they
A quickie note overnight from JPMorgan on their US equity outlook:Even aside from the debt ceiling issue, we maintain that the risk-reward for equities is poor given the elevated risk of recession, stretched valuations, high rates and tightening liquidity, and we favour cash over equities at the former’s ~5% yieldsA divergence remains between rates markets that expect the Fed to cut this year, equity markets that interpret those potential cuts as positive for risk, and the Fed’s more hawkish rhe... Read More
Posted: May 26 2023, 03:30
Author Name: forexlive
Views: 081441

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