JP Morgan’s chief asset market strategist, Tai Hui, speaks at a briefing
- Remains upbeat on Asian equities, to be supported by stable earnings
- Sees Asian stock valuations as still reasonable
- Expects the US dollar to further depreciate over the next 1-2 years
- Weaker US dollar is to drive funds into emerging markets, supporting equities
Nothing more it seems, some general commentary from JP Morgan Asset Management’s team. The view shared here is not something unusual, although a rise in US yields above 3% may start to poke some questions into this general consensus.