Phil Camporeale says J.P. Morgan sees a low probability of two consecutive quarters of negative GDP growth over the next few quarters and inflation becoming out of control.
He says if the U.S. dollar weakens, it could be a “nice tailwind” for the markets, and the U.S. growth depends on inflation.
“We are not panicking in this trade, we are right-sizing our equity allocation,” Camporeale said. “Our highest confidence bet remains the U.S. Not the rest of the world … it’s the U.S. in this environment.”
www.cnbc.com/2018/10/30/jp-morgan-strategist-we-are-not-panicking-us-is-best-bet.html
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