JP Morgan: US small & mid-cap stocks have "quite a bit of upside" if inflation, rates fall
JP Morgan's Kolanovic on the US June CPI result in a note Monday:
- has slightly increased the Federal Reserve’s chances of a “soft landing”
- “While we still see the Fed hiking at the July meeting, the downside CPI surprise means a narrow path to a soft landing is modestly wider”
-
remains skeptical “that a soft landing can be achieved in which inflation returns to central bank comfort zones on a sustained basis without a downturn.”
- warned that European stocks face risks in H2 from more European Central Bank tightening
- US small- and mid-cap equities may offer “quite a bit of upside” if inflation falls to 2.5% and interest rates start to come down
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Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
