Buy bonds and gold

10.20.23 - Buy bonds and gold

Gold last traded at $1,981 an ounce. Silver at $23.37 an ounce.

Buy bonds & gold, be underweight equities: JPMorgan strategist -Yahoo! Finance

JPMorgan Chief Market Strategist Marko Kolanovic is telling investors to bet on safe haven investments such as gold and bonds. In a note, Kolanovic reiterated the he recommends being underweight equities.

SEANA SMITH: JPMorgan's Chief Global Markets Strategist Marco Kolanovic is all in on Safe Haven Investments as tensions in the Middle East heat up. Now, in a note to clients, Kolanovic reiterated that he is underweight equities and recommended buying bonds and gold, saying, quote, "While it remains uncertain whether bonds have bottomed, we add back 1% to our government bond allocation given geopolitical risk, cheap valuations, and less pronounced positioning."

So not necessarily anything new that we're hearing from Marco Kolanovic. But again, just a warning here to the Street just in terms of what exactly the next couple of months could look like when we talk about the pressure that we could potentially see on equities. We've seen many strategists here rein in some of their year end price targets for the S&P, what that looks like going into 2024 and how this all plays out. Obviously, a huge issue for investors. And we're seeing that reflected from some of these analyst calls on the Street.