JPMorgan adds a very good reason to be long today, which rhymes with my yearly outlook for very limited movements, or at least max/min movements in the market over the year. The reason is that even if growth potential is lower, the central bank puts around the world also means lower uncertainty and we can already see that with lower gdp volatility, as the graph shows, is on a 40 year low (at least). This implies a lower risk premia in equities vs safe assets and consequently higher equity prices. Stay long this week.
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