126 days ago • Posted by Charles-Henry Monchau

JP Morgan market view: risk-reward is turning better

JPM equity strategist Mislav Matjeka is worth listening to though, as he has been very right in 2020 and was also calling for an october rally pause. 6 bull points: 1) any clear election result is likely to be seen as a positive, with investors then able to look forward to a fiscal stimulus down the line; 2) markets are primed for a broadening in leadership, having seen record ever bifurcation so far ytd; 3) believe that this leg will give way to stronger PMIs in 1H, helped by an acceleration in M1 and likely better virus newsflow; 4) The central banks liquidity support will stay in place; 5) Equity yields vs bond/credit yields still appear undemanding; 6) Investor positioning has improved, post the last two months of derisking. 

JP Morgan market view: risk-reward is turning better
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