JPMorgan Strategist Says It’s Time to Jump Back Into Stocks, Bonds
- The strategist forecasts that inflation has already peaked
- Political gridlock means a more dovish Fed, Kelly says
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JPMorgan Asset Management’s David Kelly has a message for longer term investors who have been stung by this year’s downturn in stock and bond markets: now is the time to jump back in.
The bank’s chief global strategist predicted that US equities will see an 8% long-term gain, given that prices have fallen so much. Kelly, speaking on Bloomberg Television Wednesday, also said bonds are attractive now, recommending a strong allocation to fixed income.