It’s safe to say investors had a lot of options this past spring. According to J.P. Morgan strategist John Normand, excluding emerging market currencies and agricultural products, every market has recovered by at least 50% from COVID-19-induced lows.“When the business cycle is turning higher, policy hyper-stimulative and downside risks manageable, the obvious investment strategy might be to own anything but cash… This indiscriminate approach would not have damaged absolute returns over the past few months,” Normand commented.That said, the strategist thinks this “everything wins” strategy might not be as reliable in the second half of the year, recommending a more …read more
Source:: Yahoo Finance
