In a recent reveal, JP Morgan’s Marko Kolanovic suggests a lean towards cash over stocks in 2024, attributing the shift to the improbability of swift interest rate cuts by the Federal Reserve. What Happened: Kolanovic’s outlook is based on the over-optimism of investors in sidestepping a possible economic recession in 2024. He cites high equity valuations, tight credit spreads, and low market volatility as signs of a non-conducive environment for hefty investments in stocks, reported Business Insider. JPMorgan (NYSE:JPM), strategist, Kolanovic consistently holds a bearish view on risky assets …

Read More