Posted 12/30/2023, 5:24:14 PM
JPMorgan: Recession Likely in 2024, Sparking Market Declines and Volatility
- JPMorgan analysts predict declining growth and likely recession in 2024, leading to market declines and volatility
- Analysts believe stocks may underperform cash by around 20% in the expected environment
- Investors may be overoptimistic on if and when Fed rate cuts may happen
- Timeline for potential Fed rate cuts is debated, with markets pricing in cuts as early as March 2023
- Markets will be closely watching the Fed for signals on rate cuts and how quickly cuts could continue