A Soft Landing Is More Likely Than Recession, JPMorgan Says. What That Means for Stocks.
A soft landing is becoming a more likely outcome for the global economy than a recession, according to strategists at JPMorgan Chase.
The avoidance of a global recession, along with moderating inflation and wage pressures among other factors, should continue to provide tailwinds for risky assets.
Within equities, the firm favors cyclical stocks, which it said should benefit from the gradual easing of inflation. They also like small-cap stocks and remain bullish on China and emerging-market stocks.
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