NEW YORK: There’s little reason to fear that the rally that catapulted United States stocks to successive records this year will end soon, according to JPMorgan Chase & Co strategists. In fact, it may get broader.
“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!