JPMorgan’s quant guru says stock investors are vulnerable to an inflation shock
“For over a decade, only deflationary (long duration) trades were working, and many of today’s investment managers have never experienced a rise in yields, commodities, value stocks, or inflation in any meaningful way.” – Marko Kolanovic, JPMorgan chief global markets strategist
USAGOLD note: Kolanovic is one of Wall Street’s most influential market strategists. He says portfolios should be repositioned for a transition from a disinflationary economy to “more persistent inflation.” Among his recommendations is to move from bonds to commodities and stocks.
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