Investors need to overweight US value and stocks with low price-to-earnings ratios.
JPMorgan’s blockchain lead says most cryptos are junk.
JPMorgan’s chief global strategist, David Kelly, has offered his suggestions for crypto investors worried about the Fed’s latest hawkish stance. He advised the investors to buy value that will last for the long term and forget about short-term profits. On Friday, the equity markets went on a tailspin following Fed Chair Jerome Powell’s statement that the apex bank will still increase rates and keep doing so to curb inflation, regardless of the risk it poses to the economy.
The statement nullified any hope of a dovish pivot over the short term, fueling predictions that this year’s bear market is far from over. Part of Powell’s speech at Jackson hole reads;
the economy has one foot on a banana peel and the other in a recession. Thus, the best position to take now is to consider valuations.
He suggested that investors overweight US and international...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...