JPMorgan Chase & Co.’s Marko Kolanovic is taking a defensive approach to markets amid a flare up in geopolitical risks and restrictive monetary policy, saying government bonds look cheap and the “time is coming to position for the long duration trade.”
“This month, we reverse last month’s well-timed cut to our model portfolio’s duration exposure,” Kolanovic, JPMorgan’s chief global market strategist, said in a research note dated Oct. 16. “While it remains uncertain whether bonds have bottomed, we add back 1% to our government…
Read the full article here