JPMorgan Says Don't Play the Downturn, S&P Will Bounce Back
- Real interest rates seen still too low to presage downturn
- Vix reached levels that augur gains in months’ time: JPMorgan
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While many investors are getting anxious about the lateness of the economic and market cycle, it’s not yet time to abandon U.S. equities, according to JPMorgan Chase & Co.
“An increasing chunk of the investor base is of the view that one has to be already positioned for the next downturn,” strategists Mislav Matejka, Prabhav Bhadani and Nitya Saidanha wrote in a note Monday. “We continue to believe that S&P 500 will recoup the October correction, similar to what it achieved post- the February one.”