European Union Growth Lowered, S&P 500 Earnings Growth Lowered: Pause?
In other headlines, J.P. Morgan Chase believes we’ve entered a new risk-on environment for equities. The bank’s global strategists continue to favor equities relative to bonds, saying in a monthly report that markets are still some way off from fully pricing in less tightening from the Fed. With valuations more supportive, they scrapped hedges that…
