XRX - Market positioning is too bearish J.P. Morgan says: At the Open

The current market backdrop is unique with growth expected to be above trend in the coming quarter but investor positioning too bearish due to Omicron and central banks, J.P. Morgan says. We "do not think the Fed is behind the curve and see a compelling case for inflation pressures normalizing in coming months and quarters," Dubravko Lakos-Bujas, head of U.S. equity strategy and global quant research, and team write in a note. "Also, as previously noted, we do not expect Omicron to impact the growth outlook in any significant way, but rather it is likely to accelerate the end of the pandemic by crowding out potentially more lethal variants." "More so, performance in the hedge fund space has been poor lately with many giving back multiple quarters of gains," he says. "This resulted in forced liquidations and deleveraging at a time of low liquidity, triggering extreme stock price action, especially

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Market positioning is too bearish, J.P. Morgan says: At the Open