Our Bullish Conviction Is Now Lower : JPM Joins Major Banks In Turning Bearish On Easy Market Gains
by Tyler Durden
Friday, Apr 23, 2021 - 02:30 PM
On Tuesday, JPM chief global markets strategist and Wall Street’s biggest bull, Marko Kolanovic, said in a note on Tuesday that the recent pullback in areas like cyclical stocks and Treasury yields will soon prove to be temporary, and that in his view, the reflation and reopening trade will resume, with yields moving higher and rotation from growth, quality and defensives to value and cyclicals. Beneficiaries will include Energy, Financials, Materials, Industrials, small caps, high beta stocks, and various reopening and inflation themes.