JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff_老虎社区_美港股上老虎

JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff

Bloomberg2021-12-27

Strategists say market concentration doesn’t indicate peak U.S. rally may become broader in January, according to note There’s no reason to fear that the rally that catapulted U.S. stocks to ...

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robot1234
·2021-12-28
There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. Nevertheless, I err on the safe side and adopt a defensive strategy.
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- robot1234:
  Tks for sharing
  2021-12-28
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- BecauseOfYou:
  Do they mean that U.S. stocks have no risk at present and actively participate in investment? I don't agree with this view.
  2021-12-28
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- letgo09:
  In my opinion, the rise of U.S. stocks for many years in a row means that a deep adjustment may occur at any time.
  2021-12-28
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查看更多 1 条评论
9448Huat
·2021-12-27
Beware S & P 500 correction
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Scarface
·2021-12-27
Mid 2022 cyber attack then crash
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Rara08
·2021-12-27
Really?
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- 45824b60:
  [smile]
  2021-12-27
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Stripey
·2021-12-27
Tell they you this when they need you to line up on the buy queue
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- BlueDaisy:
  Possible.
  2021-12-27
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Nevertheless, I err on the safe side and adopt a defensive strategy.&nbsp;","listText":"There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase &amp; Co. strategists. Nevertheless, I err on the safe side and adopt a defensive strategy.&nbsp;","text":"There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. Nevertheless, I err on the safe side and adopt a defensive strategy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/696109579","repostId":1169825066,"repostType":4,"repost":{"id":"1169825066","pubTimestamp":1640606336,"share":"https://www.laohu8.com/m/news/1169825066?lang=&edition=full","pubTime":"2021-12-27 19:58","market":"us","language":"en","title":"JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1169825066","media":"Bloomberg","summary":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January,","content":"<ul>\n <li>Strategists say market concentration doesn’t indicate peak</li>\n <li>U.S. rally may become broader in January, according to note</li>\n</ul>\n<p>There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase &amp; Co. strategists. In fact, more investors may soon join.</p>\n<p>“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”</p>\n<p>While the S&amp;P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a&nbsp;correction, as central banks and governments wind down stimulus measures to tame surging inflation.</p>\n<p><img src=\"https://static.tigerbbs.com/70927f00fd2b34d5345dd03f72195d1f\" tg-width=\"976\" tg-height=\"550\" width=\"100%\" height=\"auto\"></p>\n<p>For JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.</p>\n<p>If anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.</p>\n<p>The bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent&nbsp;major drawdown.</p>\n<p>“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 19:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169825066","content_text":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. In fact, more investors may soon join.\n“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”\nWhile the S&P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a correction, as central banks and governments wind down stimulus measures to tame surging inflation.\n\nFor JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.\nIf anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.\nThe bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent major drawdown.\n“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7123793,"gmtCreate":1640653945011,"gmtModify":1640653945011,"authorId":3561596430587504,"author":{"id":3561596430587504,"idStr":"3561596430587504","authorId":3561596430587504,"name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696109579,"type":1,"supId":0,"prevId":0,"content":"Tks for sharing","text":"Tks for sharing","html":"Tks for sharing"},{"id":7123247,"gmtCreate":1640651322378,"gmtModify":1640651322378,"authorId":3479274781436276,"author":{"id":3479274781436276,"idStr":"3479274781436276","authorId":3479274781436276,"name":"BecauseOfYou","avatar":"https://static.laohu8.com/picture117","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696109579,"type":1,"supId":0,"prevId":0,"content":"Do they mean that U.S. stocks have no risk at present and actively participate in investment? I don't agree with this view.","text":"Do they mean that U.S. stocks have no risk at present and actively participate in investment? I don't agree with this view.","html":"Do they mean that U.S. stocks have no risk at present and actively participate in investment? I don't agree with this view."},{"id":7123242,"gmtCreate":1640651266494,"gmtModify":1640651266494,"authorId":3479274778362153,"author":{"id":3479274778362153,"idStr":"3479274778362153","authorId":3479274778362153,"name":"letgo09","avatar":"https://static.laohu8.com/picture110","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696109579,"type":1,"supId":0,"prevId":0,"content":"In my opinion, the rise of U.S. stocks for many years in a row means that a deep adjustment may occur at any time.","text":"In my opinion, the rise of U.S. stocks for many years in a row means that a deep adjustment may occur at any time.","html":"In my opinion, the rise of U.S. stocks for many years in a row means that a deep adjustment may occur at any time."},{"id":7123239,"gmtCreate":1640651246473,"gmtModify":1640651246473,"authorId":3479274793181513,"author":{"id":3479274793181513,"idStr":"3479274793181513","authorId":3479274793181513,"name":"qingg123","avatar":"https://static.laohu8.com/picture140","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696109579,"type":1,"supId":0,"prevId":0,"content":"We can't completely believe what JPMorgan Chase &amp; Co. strategists said.","text":"We can't completely believe what JPMorgan Chase &amp; Co. strategists said.","html":"We can't completely believe what JPMorgan Chase &amp; Co. strategists said."}],"langContent":"CN"},{"id":696977634,"gmtCreate":1640612612860,"gmtModify":1640612613356,"author":{"id":"3578031300804164","authorId":"3578031300804164","name":"9448Huat","avatar":"https://static.tigerbbs.com/bc2263efe7491ac00986db5a83b7ce8c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578031300804164","idStr":"3578031300804164"},"htmlText":"Beware S &amp; P 500 correction","listText":"Beware S &amp; P 500 correction","text":"Beware S & P 500 correction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696977634","repostId":1169825066,"repostType":4,"repost":{"id":"1169825066","pubTimestamp":1640606336,"share":"https://www.laohu8.com/m/news/1169825066?lang=&edition=full","pubTime":"2021-12-27 19:58","market":"us","language":"en","title":"JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1169825066","media":"Bloomberg","summary":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January,","content":"<ul>\n <li>Strategists say market concentration doesn’t indicate peak</li>\n <li>U.S. rally may become broader in January, according to note</li>\n</ul>\n<p>There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase &amp; Co. strategists. In fact, more investors may soon join.</p>\n<p>“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”</p>\n<p>While the S&amp;P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a&nbsp;correction, as central banks and governments wind down stimulus measures to tame surging inflation.</p>\n<p><img src=\"https://static.tigerbbs.com/70927f00fd2b34d5345dd03f72195d1f\" tg-width=\"976\" tg-height=\"550\" width=\"100%\" height=\"auto\"></p>\n<p>For JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.</p>\n<p>If anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.</p>\n<p>The bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent&nbsp;major drawdown.</p>\n<p>“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 19:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169825066","content_text":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. In fact, more investors may soon join.\n“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”\nWhile the S&P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a correction, as central banks and governments wind down stimulus measures to tame surging inflation.\n\nFor JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.\nIf anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.\nThe bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent major drawdown.\n“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696975803,"gmtCreate":1640612282650,"gmtModify":1640612284842,"author":{"id":"3560993393373290","authorId":"3560993393373290","name":"Scarface","avatar":"https://static.tigerbbs.com/70fa3ee23f83dd6d0b963a0aec44bf01","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3560993393373290","idStr":"3560993393373290"},"htmlText":"Mid 2022 cyber attack then crash&nbsp;","listText":"Mid 2022 cyber attack then crash&nbsp;","text":"Mid 2022 cyber attack then crash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696975803","repostId":1169825066,"repostType":4,"repost":{"id":"1169825066","pubTimestamp":1640606336,"share":"https://www.laohu8.com/m/news/1169825066?lang=&edition=full","pubTime":"2021-12-27 19:58","market":"us","language":"en","title":"JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1169825066","media":"Bloomberg","summary":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January,","content":"<ul>\n <li>Strategists say market concentration doesn’t indicate peak</li>\n <li>U.S. rally may become broader in January, according to note</li>\n</ul>\n<p>There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase &amp; Co. strategists. In fact, more investors may soon join.</p>\n<p>“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”</p>\n<p>While the S&amp;P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a&nbsp;correction, as central banks and governments wind down stimulus measures to tame surging inflation.</p>\n<p><img src=\"https://static.tigerbbs.com/70927f00fd2b34d5345dd03f72195d1f\" tg-width=\"976\" tg-height=\"550\" width=\"100%\" height=\"auto\"></p>\n<p>For JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.</p>\n<p>If anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.</p>\n<p>The bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent&nbsp;major drawdown.</p>\n<p>“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 19:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169825066","content_text":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. In fact, more investors may soon join.\n“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”\nWhile the S&P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a correction, as central banks and governments wind down stimulus measures to tame surging inflation.\n\nFor JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.\nIf anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.\nThe bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent major drawdown.\n“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696978416,"gmtCreate":1640611966443,"gmtModify":1640611970988,"author":{"id":"3579125484417577","authorId":"3579125484417577","name":"Rara08","avatar":"https://static.tigerbbs.com/ee915a47f3c554f599dce721c2397b4d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579125484417577","idStr":"3579125484417577"},"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696978416","repostId":1169825066,"repostType":4,"repost":{"id":"1169825066","pubTimestamp":1640606336,"share":"https://www.laohu8.com/m/news/1169825066?lang=&edition=full","pubTime":"2021-12-27 19:58","market":"us","language":"en","title":"JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1169825066","media":"Bloomberg","summary":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January,","content":"<ul>\n <li>Strategists say market concentration doesn’t indicate peak</li>\n <li>U.S. rally may become broader in January, according to note</li>\n</ul>\n<p>There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase &amp; Co. strategists. In fact, more investors may soon join.</p>\n<p>“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”</p>\n<p>While the S&amp;P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a&nbsp;correction, as central banks and governments wind down stimulus measures to tame surging inflation.</p>\n<p><img src=\"https://static.tigerbbs.com/70927f00fd2b34d5345dd03f72195d1f\" tg-width=\"976\" tg-height=\"550\" width=\"100%\" height=\"auto\"></p>\n<p>For JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.</p>\n<p>If anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.</p>\n<p>The bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent&nbsp;major drawdown.</p>\n<p>“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 19:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169825066","content_text":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. In fact, more investors may soon join.\n“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”\nWhile the S&P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a correction, as central banks and governments wind down stimulus measures to tame surging inflation.\n\nFor JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.\nIf anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.\nThe bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent major drawdown.\n“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7119740,"gmtCreate":1640612871851,"gmtModify":1640612871885,"authorId":3575787103165942,"author":{"id":3575787103165942,"idStr":"3575787103165942","authorId":3575787103165942,"name":"45824b60","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696978416,"type":1,"supId":0,"prevId":0,"content":"[smile]","text":"[smile]","html":"[smile]"}],"langContent":"CN"},{"id":696978300,"gmtCreate":1640611889610,"gmtModify":1640611889703,"author":{"id":"4096341081825100","authorId":"4096341081825100","name":"Stripey","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4096341081825100","idStr":"4096341081825100"},"htmlText":"Tell they you this when they need you to line up on the buy queue","listText":"Tell they you this when they need you to line up on the buy queue","text":"Tell they you this when they need you to line up on the buy queue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696978300","repostId":1169825066,"repostType":2,"repost":{"id":"1169825066","pubTimestamp":1640606336,"share":"https://www.laohu8.com/m/news/1169825066?lang=&edition=full","pubTime":"2021-12-27 19:58","market":"us","language":"en","title":"JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1169825066","media":"Bloomberg","summary":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January,","content":"<ul>\n <li>Strategists say market concentration doesn’t indicate peak</li>\n <li>U.S. rally may become broader in January, according to note</li>\n</ul>\n<p>There’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase &amp; Co. strategists. In fact, more investors may soon join.</p>\n<p>“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”</p>\n<p>While the S&amp;P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a&nbsp;correction, as central banks and governments wind down stimulus measures to tame surging inflation.</p>\n<p><img src=\"https://static.tigerbbs.com/70927f00fd2b34d5345dd03f72195d1f\" tg-width=\"976\" tg-height=\"550\" width=\"100%\" height=\"auto\"></p>\n<p>For JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.</p>\n<p>If anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.</p>\n<p>The bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent&nbsp;major drawdown.</p>\n<p>“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Investors Too Bearish, Doesn’t See Stock Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 19:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-27/jpmorgan-says-investors-too-bearish-doesn-t-see-stock-selloff?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169825066","content_text":"Strategists say market concentration doesn’t indicate peak\nU.S. rally may become broader in January, according to note\n\nThere’s no reason to fear that the rally that catapulted U.S. stocks to successive records this year will end anytime soon, according to JPMorgan Chase & Co. strategists. In fact, more investors may soon join.\n“Conditions for a large selloff are not in place right now given already low investor positioning, record buybacks, limited systematic amplifiers, and positive January seasonals,” the strategists led by Dubravko Lakos-Bujas wrote in a note to clients. “Investor positioning is too bearish -- the market has taken the hawkish central bank and bearish omicron narratives too far.”\nWhile the S&P 500 climbed to yet another record high last week, the rally has been increasingly driven by a narrow group of mega-cap companies, which is reminiscent of the bubble in tech stocks at the turn of the century. With the economic rebound following the pandemic-induced slump now past its peak, some fund managers have warned that the next stage in the cycle is a correction, as central banks and governments wind down stimulus measures to tame surging inflation.\n\nFor JPMorgan strategists, however, the “extreme stock dispersion and record concentration within equities” is an indicator of an abundance of caution, not a looming selloff. Investors have been treating mega caps as safe-havens, or “pseudo-bonds,” the strategists wrote.\nIf anything, the drawdown in smaller companies offers investors attractive entry points for “reopening stocks”, such as travel and hospitality, as well as energy and e-commerce, as inflation normalizes and concerns over the Fed’s hawkishness abate, the strategists said.\nThe bullish outlook echoes the one of Goldman Sachs Group Inc. strategists, who also said earlier this month that the narrowing rally doesn’t point to an imminent major drawdown.\n“Rising concentration is not a reliable indicator for market peaks,” JPMorgan strategists said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7120704,"gmtCreate":1640619463738,"gmtModify":1640619463784,"authorId":3582677971530678,"author":{"id":3582677971530678,"idStr":"3582677971530678","authorId":3582677971530678,"name":"BlueDaisy","avatar":"https://static.tigerbbs.com/0747094283743978b62fb8b1ee2cf44c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696978300,"type":1,"supId":0,"prevId":0,"content":"Possible.","text":"Possible.","html":"Possible."}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":99,"commentSize":5,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}