JPMorgan’s equity strategist says stocks are ignoring ‘abundant’ risks, sees maybe one Fed cut

Stocks are facing challenges as the Federal Reserve is less likely to cut rates and risks are increasing, according to JPMorgan strategist Marko Kolanovic. Despite strong job growth in May, stocks are not reacting positively and are ignoring various risks such as elections and geopolitical tensions. Kolanovic recommends a defensive strategy with overweight commodities and cash and underweight stocks. The Fed’s upcoming policy meeting may provide more insight into potential rate cuts, with traders indicating a possibility of a decrease in September and November. JPMorgan has a bearish outlook with an S & P 500 target of 4,200, compared to the current level of 5,360.79.


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