JPM: Reasons to look for equity upside into the end of 2023
- Attractive valuations.
- HF beta and SPX futures positioning at the lower end of the range.
- Sentiment is overly bearish.
- Fed to become more sensitive to incoming data after Sept.
- USD strength could be peaking
- Strength of bank balance sheets
- House prices to remain resilient. Labour market to remain robust.
- Earnings will only see a modest pullback,
- Consumer to be cushioned by excess savings.
- Global downcycle is unlikely to be synchronised as Chinese activity should turn for the better.
08 Aug 2022 - 08:46- Fixed IncomeData- Source: JPM
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