Reported about 1 year ago
JPMorgan's chief global strategist, David Kelly, forecasts that the Federal Reserve will likely reduce interest rates in September and December 2024 due to a slowing economy. However, Kelly warns investors against increasing exposure to the stock market at high valuations, noting the risk of a significant correction ahead. With stock prices at record highs and the S&P 500 up 17% this year, caution is advised to avoid potential overexposure to overvalued assets.
Source: YAHOO