Gloomy data makes investors more cautious on world economy

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JPMorgan's Kolanovic says equity multiples 'too high'

August 1, 2023 8:25 AM EDT

JPMorgan's Marko Kolanovic told investors in a note Tuesday that equity multiples appear too high.

The analyst explained that positive news on growth and inflation is fueling optimism for a soft-landing scenario in which inflation returns to target, providing space for developed market central banks to... More