Markets
JP Morgan says stock market rally will fade
The US multinational thinks it is ‘too early’ to say a recession is off the table
Stock investors that have turned too optimistic about the economic outlook are setting up for disappointment, according to JP Morgan strategists.
It’s too early to say a recession is off the table following the Federal Reserve’s aggressive hiking campaign, especially since monetary policy’s impact on the economy can have a lag of one to two years, a team led by Mislav Matejka wrote in a note.
The central bank is likely to pivot only in ...
