Treasury Secretary Janet Yellen plans to remain in position
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Market turmoil and economic decline, before recovery in 2023, says JPM's Kolanovic
November 30, 2022 12:56 PM ESTJPMorgan analyst Marko Kolanovic told investors in a research note Wednesday that there is good and bad news for equity markets and risky asset classes in 2023.
Explaining JPMorgan's initial position earlier this year, Kolanovic said that until late summer this year, they thought corporate and consumer resilience would be able to withstand the significant increase in interest rates, wealth destruction, and global geopolitical uncertainty, and as a result, thought buying the... More
