Fixed-income yields “all look good,” and you might want to get some while you still can, according to JPMorgan Chase & Co.’s David Kelly.
It’s a “one time only sale,” said Kelly, chief global strategist at J.P. Morgan Asset Management, on stage Monday afternoon at the Exchange event at the Fontainebleau hotel in Miami Beach, Florida. “Put your fixed income positions in now,” he said, as in a couple years from now those yields “won’t be available.”It’s a “one time only sale,” said Kelly, chief global strategist at J.P.
“So right now we’re not in recession,” said Kelly, but “we are on the edge” of some kind of an economic slowdown. While the U.S. economy isn’t on “the edge of a cliff,” in his view, it’s at “the edge of a swamp” that may not be deep but could be hard to get out of.Meanwhile, the U.S. labor market has remained strong so far amid the Fed’s aggressive rate hikes, with the unemployment rate falling to 3.4% in January, the lowest level since 1969.
“All that wage growth is doing is slowing the pace of inflation coming down,” said Kelly. Inflation measured by the CPI data had been running as hot as 9.1% in June.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One dead, one hurt in hit-and-run crash near 7th Street and McDowell RoadOne woman is dead and a man is in the hospital after a hit-and-run crash near 7th Street and McDowell Road Saturday night abc15
Read more »
Oakland: One dead, one hurt in East Oakland neighborhood shootingTwo men were shot Sunday afternoon near an East Oakland intersection and one died at a hospital soon after, authorities said.
Read more »
EXCLUSIVE: One-on-one with UTSA’s Frank HarrisKSAT 12 Sports anchor Larry Ramirez catches up with Frank Harris to talk football, food and his recent engagement.
Read more »
Developers agree to fixed-term leasesThe panel revisits the Houston Affordable Housing versus Public Facility Corporations fiasco and the recent agreements that have been made.
Read more »
The Surprising Hack That Finally Fixed My InsomniaA chance conversation with a sleep coach changed everything for this Vogue writer’s insomnia.
Read more »