Fed’s decisive dovish shift has raised prospects of 2019 being an asset-reflation year, JPMorgan strategists led by London-based Nikolaos Panigirtzoglou wrote in the Feb. 6 note, according to Bloomberg.
The investment bank, therefore, recommends rotating money out of gold and other safe-haven assets and into industrial metals. The strategists also China-sensitive US stocks performing well, as lagged effects from the previous stimulus combined with new stimulus measures will make China look better than last year.
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