JPMorgan predicts continued outperformance of defensive sectors in Q2

From Investing.com: 2024-06-17 11:57:02

Analysts at JPMorgan predict that defensive sectors will continue to outperform in Q2, after lagging in Q1. They recommend a barbell approach favoring defensive sectors and commodities. The bank believes cyclical sectors like Autos and Travel & Leisure will continue to decline. JPMorgan advises against buying cyclical stocks based on rising PMIs, citing reasons for favoring defensive sectors like Utilities and Real estate. They also highlight potential opportunities in healthcare and caution against consumer discretionary sectors like autos and luxury goods.



Read more at Investing.com: Will the more Defensive sector performance, seen so far in Q2, have legs? By Investing.com