AP/Mark Lennihan Stocks still have plenty of room to rise from current levels, according to a note published by JPMorgan on Friday. The bank largely pointed to investors' underweight equity positioning as a main driver for stocks to move higher over the medium to longer term, despite near-term risks of elevated momentum. Investors' allocation to stocks is 40%, which is below historical averages and is well below the early 2018 high of 49%.
Similar Stories to Jpmorgan Provides 5 Charts That Suggest The Stock Market Still Has 'plenty Of Room' To Rise From Current Levels on Bing News
mfox@businessinsider.com (Matthew Fox), Business Insider
Sun, 05/31/2020 - 4:11am
Topics: great rotation ap/mark lennihan visit business insider part bank of america s&p non-bank david rosenberg 3.investors business insidersee stanley sachs stocks jpmorgan investors read america march investor charts market rise from current levels plenty of room to rise room to rise from current interest allocation bonds positioning equity high pandemic elevated buy short note higher liquidity pointed longer term medium backdrop rally rates coronavirus historical thinks increase underweight shows friday move poised momentum risks published bullish warns short-term rapid traders overbought tech holdings drivers recovery allocations bond average fear
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