B · Normal
[JPMorgan Chase Strategist: The recent influx of funds into defensive sectors has been excessive. Investors can add stocks before the end of the year] November 9th, JPMorgan Chase strategists said that after the recent decline, investors can add stocks before the end of the year. They believe that economic growth is still resilient, and the decline in bond yields will most likely become a support for risk assets rather than a warning signal for recession. A team led by Mislav Mateka wrote that the recent influx of funds into defensive sectors has been excessive. If economic activity remains resilient, oil prices fall, and U.S. bond yields stabilize, the high-risk cyclical sectors of the market are expected to rebound. The team believes that bond yields have peaked and recommends that investors invest in a wider range of individual stocks and not just focus on leading technology giants. The bank remains overweight on emerging markets and the euro zone; it remains neutral on the United States, Japan, and the United Kingdom.
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