Tax Reform to Fuel Rotation to Stocks, JPMorgan's Kolanovic Says

U.S. tax reforms may not have finished boosting stocks yet.

Asset allocators should stay strongly overweight equities and underweight government bonds in the near term due to the uptick in global growth and boost to risk-on assets from U.S. fiscal reform, JPMorgan Chase & Co. strategists led by Marko Kolanovic wrote in a note Friday.