Asia-Pacific shares are set to trade mixed as investors look ahead to the FOMC meeting and a smorgasbord of economic data.
Investors should fade the early 2023 rally, warned JPMorgan's top market strategist Marko Kolanovic.
"The fundamental confirmation for the next leg higher might not come," Kolanovic said in a Monday note to investors. "And instead markets could encounter an air-pocket of weaker earnings and activity as they move through Q2 and Q3." The strategist's comments arrive as stocks take a breather from their latest run. Still, the S&P 500 is up more than 5% for the year, while the Nasdaq Composite has bounced more than 9%. The Dow Jones Industrial Average is up about 2.3% in 2023.
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