Feb
16
Strategist for $1.7 Trillion in Funds Says Rout Has Room to Run
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Chow sees oil prices falling to $22 a barrel as the bottom
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Buy Treasuries as Fed unlikely to rush rate hike, Chow says
Don’t be fooled into thinking the rebound in stocks means we’ve reached the bottom, says Marcella Chow, who watches the world’s markets for JPMorgan Asset Management Inc.
The global strategist for the $1.7 trillion money manager says she’s on edge, her clients are panicky and she’s telling them to stash as much as 70 percent of holdings in bonds including U.S. Treasuries. Calm won’t return until China’s economy improves and central banks regain credibility with investors, she said. She’s waiting for oil to fall to as low as $22 a barrel, and in the meantime she’s battening down and trying to avoid volatility…
Strategist for $1.7 Trillion in Funds Says Rout Has Room to Run
