JPMORGAN: “We believe we’ve seen a peak in new case growth in the US 3-4 days ago,.. deaths will peak in about a week, so we look for a limited reopening of the economy in 1-2 weeks. .. And we think we will be able to recover the losses in equities sometime next year” (Kolanovic)
JPMORGAN: We are overweight equities because global stocks have declined “around 35% on average, and we’ve seen significant de-rating and a positioning flush. .. The near-term economic hit will be horrendous, but investors will focus on 2021 and even 2022.” (Lakos-Bujas)
(2/3)
(2/3)
JPMORGAN: “Every recession typically accelerates pre-existing trends, such as work-from-home or a preference for online retail.. This will increasingly challenge traditional business models.. Looking ahead, ‘winner takes all’ is bound to remain the dominant theme within equities”
JPMORGAN: “The US will experience a slower rebound due to expected lingering damage to labor and credit markets. .. a significant wave of layoffs and business closures will continue to weigh on demand .. We forecast US unemployment rising to nearly 8.5%.” (Kasman)
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