JPMorgan Says It’s OK If You’re Still In Love With Risky Stocks
- ‘On growth side, it’s a fire sale,’ Lakos-Bujas says
- Chinese shares expected to recover after a brutal year
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The market’s worries over a hawkish Federal Reserve are overdone and investors should reconsider their affection for the safety of technology megacaps and start seeking out risky assets like beaten-down high-growth stocks and Chinese shares.
So says Dubravko Lakos-Bujas, JPMorgan Chase & Co.’s global head of equity research. In an interview on Bloomberg TV, the strategist said the market is currently pricing in an aggressive Fed, though his colleagues expect central bankers to take a more balanced approach to tackle raging inflation without snuffing out growth.