The Window to Buy Stocks Has Shut for Now: JPMorgan
JPMorgan Chase & Co. global equity strategist Mislav Matejka says technical and sentiment indicators have rebounded from extreme levels, showing that stocks are no longer in “buy” territory. Among the indicators, the American Association of Individual Investors Bull-Bear Index has bounced from a near three-year low reached in mid-January, while the Chicago Board Options Exchange Volatility Index has fallen back, Matejka wrote in a report Monday, with a sell recommendation on any rebounds in
The New York Stock Exchange (NYSE) is viewed on August 25, 2015 in New York City.
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JPMorgan Chase & Co. global equity strategist Mislav Matejka says technical and sentiment indicators have rebounded from extreme levels, showing that stocks are no longer in “buy” territory. Among the indicators, the American Association of Individual Investors Bull-Bear Index has bounced from a near three-year low reached in mid-January, while the Chicago Board Options Exchange Volatility Index has fallen back, Matejka wrote in a report Monday, with a sell recommendation on any rebounds in equities.