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3 Reasons JPMorgan’s Kolanovic is advising clients to further dump equities, grab cash
Kolanovic says there are more than 3 reasons but the big 3 are:the limbo for debt-ceiling negotiationselevated risk of recessionhawkish Federal ReserveKolanovic recommends:trim allocation to stocks and corporate bondsup stake in cash by 2%rotate out of energy and into gold (citing haven demand and as a debt-ceiling hedge)Remarks: “Hopes of a swift resolution to the US debt ceiling have somewhat bolstered market sentiment” (this dissipated Tuesday, of course:Forexlive Americas FX news wrap 23 Ma...
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Posted: May 23 2023, 21:39
Author Name: forexlive
Views: 110212