JP Morgan on warning signs for stocks as disinflation process stalls, and risks rise

<p>In a note, JP Morgan equity strategist Marko Kolanovic has once again weighed in on the negatives for stocks:</p><ul><li>the disinflation thesis is likely to be challenged during 1H24 as the disinflation process stalls</li><li>equities appear overbought given low implied cash allocations and low short interest</li><li>risks are rising for geopolitics to drive both a risk-off shift and a boost to inflation via increased shipping costs</li></ul><p>Kolanovic has been bearish for quite some time indeed. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.