JPMorgan’s Kolanovic Cuts Equity Allocation Again on Growth Risk

(Bloomberg) — JPMorgan Chase & Co. strategist Marko Kolanovic reiterated Tuesday that he sees downside risk for the stock market in the first quarter, with the bank reducing its recommended equity allocation once again due to fears of a recession and central bank overtightening.

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The bank strengthened its underweight call for equities broadly and in the euro area specifically, given the recent outperformance of the region’s stocks, while staying overweight on…

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