JPMorgan Says Market Is on Verge of a Sustained Rally in Value
- Strategists say market is on verge of sustained rally in value
- They recommend play on Europe’s Stoxx 50 index vs S&P 500
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JPMorgan Chase & Co. strategists are betting that the latest record shift into value stocks can endure much longer after years of lagging growth equities.
“Our equity strategy team believes that we are on the cusp of a sustained rally in value comparable to what we saw in 2016-2017,” said strategists including Davide Silvestrini and Marko Kolanovic. “This rotation has room to continue much further given the material underperformance we have witnessed in recent years.”