Recession Risk ‘Overpriced’ With Latest Sell-Off, JPMorgan Says
The strategists said the global economy looks “fragile” at the moment, but warned against shunning risk too early and continued to favor stocks.
The strategists said the global economy looks “fragile” at the moment, but warned against shunning risk too early and continued to favor stocks.
When a $5 billion hedge fund loses 28% in an otherwise flat year (GM long, Tesla short) institutional investors start looking for the "eject" button.
Buffett and his team have successfully put billions of dollars to work in the stock market, even though there's still $100 billion in cash to deploy.
“It brings more opportunities for us. We’re in the advice business, and uncertainty actually increases demand for advice.”
Cash isn’t only a safe place to invest, it now offers a better risk-adjusted return than equities, according to JPMorgan Asset Management.
From stocks to bonds to factor funds, safety was the name of the game for ETF investors in November.
Some weeks advance the understanding of Federal Reserve policy incrementally, and others by leaps and bounds. The past few days gave us a leap.