JPMorgan Sounds Alarm on Stock Exposures With Trade Fears Swelling
- Investor positioning is now a ‘headwind’ as sell-off continues
- Bank strikes a bearish note on retail, hedge-fund exposures
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As trade tremors reverberate, a bullish stock mantra just got trashed by JPMorgan Chase & Co.
Retail money, hedge funds and quants have ramped up exposures to equities with echoes of last year’s peak -- raising the risk fund managers of all stripes will beat a retreat as volatility awakens, according to strategists at the U.S. bank.