JPM: Chances Of A Sell-Off Are Growing As Hedge Fund Exposure To Equities Nears Records
JP Morgan’s US Equity Strategy Team has declined to come up with anything as eye-catching as Bank of America’s “Icarus trade", it but the team still believes that the short term downside risk for a sell-off is increasing despite an improving fundamental backdrop.
The bank’s analysts are sticking to their price target of 2,400 for 2017 even though recent gains have taken the index up to . . .
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