“JPMorgan Chase & Co. finds the odds of an economic downturn priced into financial markets have actually fallen sharply from their 2022 highs,” said Bloomberg in an analytical piece published during the weekend.
While giving details, Bloomberg adds that the firm’s trading model suggests seven of nine asset classes from high-grade bonds to European stocks now show less than a 50% chance of a recession.
The news also cited the sharp reduction in the odds of an economic contraction from October when it was seen as a done deal across markets.
Additional quotes
Investors return to riskier assets as soft-landing hopes build.
S&P 500 still assigns 73% recession bet, from 98% in October.
Also read: Gold Price Forecast: XAU/USD grinds higher ahead of United States Gross Domestic Product
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