From The Pragmatic Capitalist:
Love ‘em or hate ‘em few have ridden the recovery rally as well as JP Morgan’s equity team. They continue to trade the rally from the bullish side (and the correct side).
They say the strength of the recovery is underestimated and skeptical investors will slowly continue to pile into risk assets. Of course, they aren’t the only big bank with a very positive outlook. BlackRock recently released very similar commentary.
Just a few weeks ago, JP Morgan said the concerns about China’s tightening and Greece’s debt fears were overblown and investors should buy the dip...
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More on the rally:
Why this rally can't be sustained
Top investment firm: Don't sell yet
JP Morgan: Terrible news is coming this month