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Friday, November 15, 2024

Trim some stock holdings and put them in cash as the market overestimates possible rate cuts, JPMorgan global market chief says

Investors should begin to sell some of their stocks and put the proceeds into cash and gold as investors overestimate the likelihood for interest rate cuts from the Federal Reserve later this year, according to JPMorgan. JPMorgan’s chief global markets strategist Marko Kolanovic said in a Tuesday …

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