U.S. home sales drop to 12-year low; price growth cools

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Go back to U.S. home sales drop to 12-year low; price growth cools

JPMorgan Strategist Marko Kolanovic: 'A recession is currently not priced into equity markets, in our view...'

January 23, 2023 1:55 PM EST

JPMorgan Global Market Strategist Marko Kolanovic comments "The recent weakening of economic data and anticipated decline in earnings expectations/weak FY23 guidance are pointing to markets that are likely to move lower, in our view. Recent equity inflows are likely running out of steam, while pensions overfunded status could drive an increase in their reallocation from equities to bonds this year. A recession is currently not priced into equity... More