JPMorgan's strategist has advised investors to sell crypto and steer clear of bitcoin. cryptocurrency inflation recession $BTC
JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks — Says the Fed Overestimates Strength of US Economy
Following the speech by Federal Reserve Chairman Jerome Powell Friday at Jackson Hole, Wyoming, he was quoted as“We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored.
Make sure you overweight U.S. and international value, as well as stocks with relatively low price-to-earnings ratio.
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