Reported about 14 hours ago
Despite raising the probability of a U.S. recession to 20%, JPMorgan's David Lebovitz advises clients to prepare to buy into the market downturn, focusing on U.S. tech and financial stocks. He believes the economy is still expanding and that the recent market selloff, particularly affecting speculative assets, may present buying opportunities once the S&P 500 dips below 5,500. Lebovitz emphasizes that while fears are growing, strong labor market data and solid earnings suggest resilience in the U.S. economy.
Source: YAHOO