Deals
JPMorgan Says the Market Rout Is Probably Past Its Worst Now
- Conditions for market stabilization, revival mostly met: JPM
- Most risky assets should trade higher in next quarter: Normand
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Strategists at JPMorgan Chase & Co. have concluded that most risk assets -- a universe that typically includes stocks and credit -- have seen their low points for the recession that’s gripped economies around the world.
Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note Friday. Coronavirus infection rates remain a “wild card,” as they’re still high.