It's Still Too Early to Turn Bearish on Stocks, JPMorgan Says
- Corporate earnings growth to support market next year
- Valuation levels still compelling relative to bonds, credit
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Investors who are tempted to book profit and get out of stocks after such a good year should think again, say equity strategists at JPMorgan Chase & Co.
Growth momentum might start to lose steam but activity is still likely to remain above trend, which means corporate earnings should rise further after this year’s brisk rebound, Mislav Matejka and Emmanuel Cau wrote in a research note Monday.