Piles of cash, short positions could push stocks higher
JPMorgan Chase sees the potential for billions to flow into equities at the expense of bonds to rebalance portfolios
Think the sizzling U.S. stock rally is excessive in an economy frozen by shutdowns? From one perspective, it’s just getting started.
Giant piles of cash sloshing around the financial system means there’s substantial ammunition yet to push risk assets higher. JPMorgan Chase & Co., meanwhil
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