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JPMorgan’s Guide to the End of ‘Easy Money’

  • Advice comes as Goldman sees upside risks to Fed rate forecast
  • JPM doesn’t share market ‘fixation’ on flattening, 3% 10-year
Bloomberg business news

JPMorgan's Dryden Sees 25% U.S. Equities Earnings Growth in 2018

The moves in stocks lately are just strange -- but there’s still a logical approach to investing for the expected end of “easy money,” according to JPMorgan Chase & Co.

While markets and the strategists who follow them are struggling to figure out the impact of rising U.S. interest rates, the sideways path of equities -- given above-consensus earnings -- is a notable outlier among asset-class movements, the firm wrote in a note Friday.