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JP MORGAN STRATEGY UPDATE

5 July 2009 by TPC 3 Comments

Good macro thoughts here from JP Morgan:

jpmstart JP MORGAN STRATEGY UPDATE

Source: JP Morgan Research

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3 Comments »

  • Aki_Izayoi said:

    Prag, do you like the recovery trade?

    I still like deflation trades:

    Currencies:
    Short: Pound and sterling versus US dollar

    Debt:
    Long:
    10 year German Government bonds and US Treasuries
    (Short corporate credit if spreads tighten further)

    Commodities:
    Long: Silver
    Short:
    Copper and oil

    Equities:
    Short:
    S&P 500

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    # 5 July 2009 at 4:04 PM
  • TPC (author) said:

    I do not believe the reflation trade at all. I am with you on just about all of those trades. I like Yen here as well.

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    # 6 July 2009 at 12:19 AM
  • prescient11 said:

    TPC, as a fellow yen watcher, I’m not sure how you can get comfortable in the low 95s my friend. I’d wait for it to hit low 94s and then take the opposite way. imho.

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    # 6 July 2009 at 2:18 PM