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JP Morgan Kolanovic says even a mild recession could cause US stocks to fall by 15%

Marko Kolanovic is JPM's chief global markets strategist. He says that much of the rally in U.S. stocks since the beginning of 2023 has been driven by "irrational" factors like short-covering and systematic inflows:Kolanovic recommends JPM clients keep equity allocation underweight, & overweight in cashstay overweight Japanese stocksCiting: "On the downside, even a mild recession would warrant retesting the previous lows and result in 15%+ downside"“Even in an optimistic scenario of soft landing... Read More

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Morgan

Kolanovic

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Even

Mild

Recession

Could

Cause

Stocks

Forex

Posted: Apr 17 2023, 21:44

Author Name: forexlive

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