The JP Morgan Global Asset Views provide insights into the asset management firm's expectations for the global economy and financial markets. The views include a pro-risk stance in portfolios, expressed through overweighting equities and credit, while being neutral on duration due to potential range-bound trading. They are also underweighting cash due to expectations for easier policy, which increases reinvestment risk. The views favor U.S. cyclical sectors, Japan, and emerging markets (excluding China) in equity markets. Within fixed income, they prefer shorter-dated U.S. high yield, non-mortgage, and securitized credit. They have a positive outlook for risk assets overall, although there may be potential for a short-term consolidation in stocks.
J.P. Morgan - Global Asset Allocation Views for Q2/2024
