JPMorgan Chases new chief market strategist: US stocks will face risks if the Fed does not cut interest rates quickly

Odaily News Dubravko Lakos-Bujas, JPMorgan Chases new head of market strategy, wrote in his first report that the recent rout in U.S. stocks has dissipated some bubbles in the market, but if economic growth continues to slow and the Federal Reserve does not show urgency in easing monetary policy, then positions and valuations are still at risk. Lakos-Bujas told clients that stocks are no longer a one-way upside trade, but more of a two-way debate about downside risks to growth, the timing of the Feds rate cuts, crowded positions, high valuations, and increased election and geopolitical uncertainty. (Cailian News Agency)