JPMorgan Strategists Say Stocks Face Risks From Stalling Growth
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The rally in equities will come under pressure in the second half of the year if gains in growth shares stall and rotation into cyclicals doesn’t continue, according to JPMorgan Chase & Co. strategists.
In this context, the strategists led by Mislav Matejka said that while they remain overweight growth versus cheaper, so-called value stocks, they believe defensive sectors offer a more appealing risk-reward for the rest of this year. Health care, staples and utilities are some of the sectors they recommend.