The Tell: JPMorgan strategist urges investors to stay bullish even as stocks log worst day in months

Stocks plunged and volatility spiked Thursday as a jump in U.S. Treasury yields spooked investors. But a seasoned market strategist maintained his bullish view on equities even as trading in the market at times took on signs of panic sales.

“We still recommend investors to be overall overweight equities vs bonds. The current selloff in bonds is helping this trade cushioning the decline in equities,” said Nikolaos Panigirtzoglou, a strategist at JPMorgan Chase & Co.’s London office.

Still, investors should hedge their positions by rotating out of corporate bonds into government debt, he said, elaborating on his comments in a report to clients.

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