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Technology Stocks : Game Changers and Market Movers

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From: Paul H. Christiansen11/17/2014 3:12:21 PM
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JPMorgan turns underweight on U.S. stocks compared with Europe

JPMorgan on Monday downgraded its view of the U.S. stock market, reversing its overweight call to underweight as valuations relative to Europe had "turned outright expensive."

The firm upgraded the euro zone to overweight from underweight, believing the region "is due a period of outperformance vs the U.S.," with European banks primed to support the region.

While Europe is expected to perform better than the U.S. equity market, JPMorgan wrote that it expects U.S. stocks to continue scaling new highs, as they have throughout the year.

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JPMorgan turns underweight on U.S. stocks compared with Europe
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