JPMorgan Chase & Co. strategist Marko Kolanovic continues to see risks for the stock market, as he reduced the bank’s recommended equity allocation once again on mounting recession fears after US regulators tried to sooth investors following the collapse of Silicon Valley Bank.
In a note to clients Monday, a team of JPMorgan strategists led by Kolanovic strengthened their underweight call for equities broadly — after cutting their equity allocation in mid-December and again in January due to a soft economic outlook for this year.
Source : JPMorgan’s Kolanovic Reduces Equity Allocation Due to Recessionary Threats