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Markets are presenting a tactical opportunity to buy the dip – JPMorgan
Monday was one of the worst days for financial markets in recent history as asset prices from stocks to cryptos and precious metals experienced sharp selloffs. But according to analysts at JPMorgan, things could start to improve in short order as the rotation out of tech might be “mostly done,” presenting an opportunity for those with a higher risk tolerance to buy the dip. “Overall, we think we’re getting close to a tactical opportunity to buy the dip and our Tactical Positioning Monitor could dip further in the next few days,” wrote John Schlegel, JPMorgan’s head of positioning intelligence. “That ... (full story)
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- Posted: Aug 6, 2024 2:17pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 144
