JPMorgan Says Greece Not A Concern; But U.S. Valuations Could Be

Don’t worry about Greece, says a new report from JPMorgan, as a last minute deal being reached is the base case scenario while it recommends stock markets in the Eurozone and Japan over the U.S.

Greece: Buy the dips, JPMorgan report advises, as market liquidity is just fine

If negotiations do break down in Greece, such an event “would surely create some knee-jerk weakness.” But not to worry, the Cazenove Equity Strategy report says: “We do not expect any prolonged volatility, and keep using the dips as buying opportunities.”

It’s almost as if the complacent U.S. stock market is looking for a reason to experience a “value adjustment” so that it can once again play the game of providing investors a...