JP Morgan stays overweight on global equities

Strategists at JP Morgan reiterated their 'overweight' stance on global stocks going into 2018, pointing out that economic growth would continue to be above-trend and that analysts' forecasts for corporate profits had room to increase. Yes, the US economic cycle was nine years old and central banks were beginning to close the liquidity taps. Nevertheless, "we believe it is too early to sell," they said. Momentum in economic activity might well have peaked, the investment bank also conceded, ...

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