JPMorgan Stock Warning – Last Minute Turkey & World News

SHAFAQNA TURKEY – JPMorgan Chase & Co’s star strategist Marko Kolanovic once again drew attention to the risks of falling stock markets, despite the rally in stocks in the new year.

JPMorgan Chase & Co strategist Marko Kolanovic recommended a reduction in share weighting, citing recession fears and excessive tightening by central banks.

Kolanovic strengthened his weighting recommendation for eurozone equities, which have outperformed their peers lately, while maintaining a “heavy weight” recommendation for emerging market and Chinese equities.

“We maintain our cautious stance on risky assets,” Kolanovic wrote in a note. Recession and overtightening risks remain high. “We think the good news, such as decelerating inflation and a potential soft landing scenario, is already priced in,” he wrote.

Kolanovic, who stood out on Wall Street for years with his bullish stock forecasts, has changed his outlook to a bearish one after last year’s wave of selling.

Bloomberg XT

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