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S&P 500 Off Best Level, Back Down 0.5%, Nasdaq Down 0.8%

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JPMorgan's Kolanovic Says to Shift Allocations from Equities into Commodities

August 8, 2022 5:01 PM EDT

JPMorgan's Kolanovic Says to Shift Allocations from Equities into Commodities

The analyst comments "The impressive US employment report suggests businesses remain in expansion mode despite a number of drags. Given diminishing risks of a more negative shift in behaviour, low positioning in risky assets and widespread negativity in... More