179 days ago • Posted by Charles-Henry Monchau

JPMorgan’s quant chief shares 5 trade recommendations following Pfizer’s vaccine ‘game-changer’

Pfizer's vaccine progress "is a game-changer" that will sustain a broad market rotation through the end of the year, Marko Kolanovic, a top quantitative strategist at JPMorgan, said Thursday. Here are the five trading strategies Kolanovic recommended for the broad rotation: 1) Increase allocation to equities; 2) Increase exposure to International ex-US equities ("overweight" ratings on Korean, Brazilian, and Russian stocks); 3) Shifting to cyclical stocks (out of "momentum" stocks); 4) Boost commodities (energy, metals, and agricultural products), dump cash, US Govies and Gold; 5) Favor Junk bonds over Investment Grade bonds (source: Markets Insider)

JP Morgan believes that Pfizer Covid-19 vaccine is a game changer for asset allocation