JPM: Chances Of A Sell-Off Are Growing As Hedge Fund Exposure To Equities Nears Records

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Rupert Hargreaves
Published on
Updated on

JP Morgan’s US Equity Strategy Team has declined to come up with anything as eye-catching as Bank of America’s “Icarus trade”, it but the team still believes that the short term downside risk for a sell-off is increasing despite an improving fundamental backdrop.   The bank’s analysts are sticking to their price target of 2,400 for 2017 even though recent gains have taken the index up to and slightly above this level. It seems the equity strategy team is expecting more volatility going forward and just like Bank of Ame; it seems JP Morgan believes the bulk of this volatility…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk