From the Fin today:In a note, JPMorgan’s Marko Kolanovic and Bram Kaplan once again said they saw reason to buy. ”We remain positive on risky assets due to near record-low positioning, bearish sentiment, and our view that there will be no recession given supports from US consumers, global post-COVID reopening, and China stimulus and recovery. The war in Eastern Europe is a significant risk for the cycle but will likely converge to a settled solution in H2.
“Despite the steep sell-off, we believe that markets will recover YTD losses and result in a broadly unchanged year. This is now an out of consensus ‘bullish’ view, with most strategists now negative.”
LRS General Discussion, page-5928
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