JPM Just Joined Goldman In Calling A Market Top: Here’s Why

Monday, August 1, 2016
By Paul Martin

by Tyler Durden
Aug 1, 2016

Yesterday Goldman revealed its latest bearish call on stocks, issuing a tactical “Sell” on equities over the next three months. Today it is JPM’s turn, as equity strategist Mislav Matejka echoed Goldman’s concerns, urging clients not to “overstay their welcome” in cyclical stocks, and generally saying that the “medium-term upside for equities is limited and equities are likely to keep underperforming most other asset classes”, adding that “Longer term picture is not very attractive; one should use current rally to ultimately sell into.”

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