- Investors should sell stocks and take profits as the current market rally is set to fizzle, according to JPMorgan.
- The bank said stocks will face several curveballs this year thrown by the Fed and weak corporate earnings.
- “We… are reluctant to chase the past week’s rally as recession and overtightening risks remain high,” JPMorgan said.
A team of analysts led by JPMorgan’s Marko Kolanovic say that it’s time to sell stocks and take profits, as the latest rally in markets is set to fizzle through this quarter.
In a Wednesday note, the bank said all of the positive catalysts that drove stocks higher are out in the open while there remain several curveballs that could be thrown by the Federal Reserve and US companies as they report weaker earnings than investors are expecting.
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