Reported about 13 hours ago
David Kelly, JPMorgan's chief global strategist, warns investors to reduce risk in their portfolios as market distortions increase. Despite a bullish atmosphere fueled by strong economic indicators and a significant rate cut from the Fed, Kelly believes that rising valuations make the markets more vulnerable to shocks. He advises reallocating funds from high-growth stocks to value shares and other alternatives to better position for potential market fluctuations.
Source: YAHOO