J.P. Morgan Private Bank have been urging investors away from the so-called ‘recession obsession’ and to seek opportunities amid the volatility, according to its 2023 Mid-Year Outlook.
“While most investment conversations center on inflation and a looming recession, we’re urging investors away from the so-called ‘recession obsession’ and to seek opportunities amid the volatility,” said Clay Erwin, global head of investments sales & trading at J.P. Morgan. “Markets are indicating the lows of October 2022 are behind us, and we think diversified portfolios can continue to generate higher returns than either cash or
