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JPMorgan’s Marko Kolanovic Says It’s Time to Buy the Dip in Stocks

  • Fed-induced selloff in risky assets is ‘arguably overdone’
  • Continues to favor value over growth stocks in strong economy
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JPMorgan Chase & Co. strategists led by Marko Kolanovic say it’s time to start buying the dip in the U.S. stock market. 

“The pullback in risk assets in reaction to the Fed minutes is arguably overdone,” Kolanovic wrote in a note to clients Monday. “Policy tightening is likely to be gradual and at a pace that risk assets should be able to handle, and is occurring in an environment of strong cyclical recovery.”