Loading ...JPMorgan Crushes The BTFDers: “Sell Any Rallies”
It didn’t take long for the momentum-chasing fundamental strategists to readjust their immediate stock price targets on the heels of the i) failure of the Santa Rally and ii) the worst start to the year in Chinese stock market history. Case in point, moments ago JPM’s equity strategy team released its first note for the year in which it says that “we take the view that equities are unlikely to perform well on a 12-24 month horizon” adding that “the regime of buying the dips might be over and selling any rallies might be the new one.”
more http://www.zerohedge.com/news/2016-01-04/jpmorgan-crushes-btfders-sell-any-rallies