Stabilisation sign: A file picture showing a woman passing by a JPMorgan Chase bank in Times Square in New York City. Conditions that JPMorgan had set for market stabilisation and revival have largely been met. — Reuters
NEW YORK: Strategists at JPMorgan Chase & Co have concluded that most risk assets – a universe that typically includes stocks and credit – have seen their low points for the recession that’s gripped economies around the world.
Conditions that JPMorgan had set for market stabilisation and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note Friday.
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