Equities

JPMorgan says this isn't start of major downturn amid bond risk

Equities still feel like the right place to be relative to bonds for multi-asset investors, according to JPMorgan Asset Management

bloomberg

05.02.2018

The pullback in risk assets among overbought conditions and stretched sentiment doesn't look like the start of a major downturn, the money manager said.

With economic and earnings growth remaining solid amid a real macro deterioration, "stretched valuations just aren't enough to cause a big market sell-off," said Patrik Schowitz, global multi-asset strategist at JPMorgan Asset, in a note. The firm oversees $1.7 trillion in assets.