The important bit from JPMorgan strategists led by Marko Kolanovic:
- We retain a pro-risk view
Says remains aggressively overweight in both equities and commodities and "continue to anticipate that 2022 will be the .. end of the global pandemic"
On the Fed - says that interest rates would have to rise substantially further before they present a material headwind.
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"Our view is that 2022 will be the year of a full global recovery, an end of the pandemic, and a return to normal economic and market conditions we had prior to the COVID-19 outbreak."
JPMorgan projects
- strong consumer spending
- the return of mobility
