JP Morgan: The Bubble in Defensive & Tech Stocks ‘Will Likely Collapse’
Since the coronavirus outbreak, hedge funds have shifted their allocation to low-volatility and defensive names on a record level, according to JPMorgan’s quant guru Marko Kolanovic. “The bubble we are describing is expressed in equity factors … We caution investors that this bubble will likely collapse, i.e. this time is not ‘different,’” Kolanovic said. Kolanovic … Read more