JPMorgan Chase & Co. strategist: U.S. stocks face "Catch-22", so they should hold cash

WendyCS

2023-12-08 03:35:13

Marko Kolanovic, chief market strategist at JPMorgan Chase, said that U.S. stock investors will face a lose-lose situation next year. He warned clients on Thursday that U.S. stocks and other risk assets would not be able to sustain any potential rally if the Federal Reserve did not cut interest rates aggressively. And he doesn’t expect that to happen unless the market falls badly or the economy stagnates. As a result, he said, investors should choose cash or bonds over stocks.

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