JP Morgan highlight “two key pivots” to watch in the months ahead – Fed, growth/earnings

I posted earlier on the JPM comments re crypto

JPM also added remarks on equities:

  • We
    still don’t see the hallmarks of bubbles at the index level in
    Equities and FICC. 
  • Focus instead this summer on two pivots – a more
    hawkish Fed and peak growth and earnings.
  •  Remember, however, that
    both still imply accommodative policy and a very strong economy.
  •  We
    therefore stay in cyclicals and Value stocks, despite the chatter
    that peaks should require more defensive portfolio rotations. 

(Bolding is mine)

I posted earlier on the JPM comments re crypto

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