(Bloomberg) — Investors are finding value in bonds for the first time in a decade as higher interest rates make fixed-income attractive, according to JPMorgan Chase & Co.’s Bob Michele. Most Read from Bloomberg Yields on the benchmark Bloomberg bond aggregate index have soared to 4.7% from 1.75% at the end of 2021 as the … Read more
(Bloomberg) — The swift decline in Chinese equities is “disconnected from fundamentals” and presents a buying opportunity for stock investors, according to JPMorgan Chase & Co.’s Marko Kolanovic. Most Read from Bloomberg “We believe this is a good opportunity to add given an expected growth recovery, gradual COVID reopening, and monetary and fiscal stimulus,” Kolanovic, … Read more
JPMorgan Chase’s CEO Jamie Dimon feels threatened by how the crypto space is disrupting the payment systems, stated the Shark Tank host and multi-millionaire venture capitalist Kevin O’Leary speaking at a Converge22 panel on Sept 28. O’Leary made his remarks after Dimon declared himself as a “major skeptic” on “crypto tokens, which you call currency, … Read more
JPMorgan’s UK digital bank has attracted more than 1mn customers and above £10bn in deposits in the first year of its attempt to crack the country’s retail market and take on Wall Street rival Goldman Sachs’s app Marcus. JPMorgan launched Chase UK in September last year, marking the US company’s first foray into retail banking in … Read more
The stock market has been under pressure since the inflation report for August came in surprisingly strong last week, but JPMorgan Chase & Co.’s chief market strategist, Marko Kolanovic, doesn’t see this year’s drop getting much uglier despite a hawkish Federal Reserve. “While we recognize that more hawkish central-bank pricing and the resulting increase in … Read more
(Bloomberg) — Investors should modestly trim stock holdings and shift the money to commodities after equities outpaced other assets amid receding recession fears, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic, one of Wall Street’s staunchest bulls. Most Read from Bloomberg With Friday’s report on US payrolls building on a string of … Read more
Breadcrumb Trail Links PMN Business Bob Michele, a bond market veteran for more than four decades, predicts a 75% chance of a US recession over the next 18 months, but thinks it’s priced in. Author of the article: Bloomberg News Victoria Cavaliere kuj61jpis05ms)2plp80ysgs_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Bob Michele, a bond market veteran … Read more