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JPMorgan Asset, American Century Wary of US Equity Bull Trap

  • US stocks saw broad rally Tuesday, fueling positive sentiment
  • American Century says risky bet to buy stocks right now

Tuesday’s broad, strong stock-market bounce has raised hopes for a sustainable US equity rally, but some money managers are urging caution about investors getting ahead of themselves.

JPMorgan Asset Management continues to see downside risk to corporate earnings which could weigh on stocks, while American Century Investment is waiting for more visibility on the US economy, not least confirmation that a peak in core inflation has been reached.