J.P. Morgan: Risk assets pull back on rates surge and crypto crash appears overdone, not the end of the cycle
Cross-Asset Strategy: Friday’s strong CPI print that led to a surge in yields, along with the sell-off in crypto over the weekend, are weighing on investor sentiment and driving the market lower. However, we believe rates market repricing went too far and the Fed will surprise dovishly relative to what is now priced into the…...
