07:49:59 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



JPMorgan CDR (CAD Hedged)
Symbol JPM
Shares Issued 2,250,000
Close 2023-08-23 C$ 19.96
Market Cap C$ 44,910,000
Recent Sedar Documents

Globe/wire say JPMorgan sees limited upside ahead

2023-08-24 09:39 ET - In the News

The Globe and Mail reports in its Thursday, Aug. 24, edition that a Reuters poll of analysts says global stock markets are heading for a correction in coming months. A Reuters dispatch to The Globe reports that an unexpected surge in stock prices through May-July has coincided with news most major economies are performing better than expected, a nagging worry among analysts that stocks will underperform has not really gone away. Attractive rates in money markets well above inflation have also dimmed the allure of equities, which during a long era of zero interest rates and low inflation were repeatedly described as the only game in town for investors. A jump in benchmark U.S. Treasury yields to 2007 levels before the Global Financial Crisis shows investors coming around to the view that even as the Federal Reserve's hiking cycle campaign nears its end, rates will stay higher for longer. JPMorgan's Marko Kolanovic says, "We do not see any upside from here into year-end, but we think there is a good chance that equity markets move meaningfully below our year-end projections in the interim." He adds: "Recession projections have been erased. ... There is no more fear, only complacency."

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