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JPMorgan says the market rout is probably past its worst now

Coronavirus infection rates remain a 'wild card' as they remain high even if they're 'slowing' in the US and Europe

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Most risk assets should trade higher in the second quarter of the year, Normand said

3 min read Last Updated : Mar 31 2020 | 1:45 AM IST

Strategists at JPMorgan Chase have concluded that most risk assets — a universe that typically includes stocks and credit — have seen their low points for the recession that’s gripped economies around the world.

Conditions that JPMorgan had set for market stabilisation and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note on Friday. Coronavirus infection rates remain a “wild card,” as they remain high even if they’re “slowing” in the US and Europe.

“Risky markets should remain volatile as long as infection rates create

Topics : Coronavirus Lockdown JPMorgan recession Goldman Sachs

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