This Isn't the Start of Major Downturn, JPMorgan Says

LGT Bank’s Stefan Hofer discusses the current state of global markets and where he sees them heading. (Source: Bloomberg)
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Equities still feel like the right place to be relative to bonds for multi-asset investors, according to JPMorgan Asset Management.

The pullback in risk assets among overbought conditions and stretched sentiment doesn’t look like the start of a major downturn, the money manager said.