JPMorgan’s Chief Global Strategist Warns Relief Rally on Stocks Is Overdone, Says Huge Premium in Equities ‘Probably Isn’t Justified’

By: bitcoin ethereum news|2025/05/15 23:00:10

The chief global strategist of JPMorgan Asset Management, David Kelly, is offering his views on the US stock market amid a rally that has seen the S&P 500 index recoup the losses made since the US slapped tariffs on imports on April 2nd. In a new interview on Bloomberg, Kelly says the recent stock market rally is exaggerated given the near-term and medium-term economic prospects of the US. “We’ve done a sort of round trip on tariffs here but we still end up with a higher tariff rate than we had at the start. I think we’ve got slower long-term economic growth. So in some ways, the relief rally has been stronger than the downturn and I think it may be a little bit overdone. So I’d still caution people that in the longer term, the huge premium that US equity prices have over the rest of the world probably isn’t justified... ...I think it’s too early to be really bullish about equities because of fiscal stimulus because you know we’re talking about a full employment economy where the Fed’s going to have less reason to cut.” According to the JPMorgan strategist, international equities are likely to offer better returns for the foreseeable future relative to US stocks. “Yes, the US equity market has almost done a round trip year-to-date but European equities are up very strongly. International equities in general are up strongly for the year. And the dollar is down. I think that will continue because we will still end up with significant tariffs at the end of all of this, even though we’re seeing, you know, it’s coming down. We’re going to end up with higher deficits, we’re going to end up with lower immigration, probably lower economic growth... in the short to medium term. None of that is really very pro-US. I think the US will do okay. But does it deserve to be at 50% premium over the rest of the world in terms of [price-to-earnings] PE ratio?” ? Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: Midjourney Source: https://dailyhodl.com/2025/05/15/jpmorgans-chief-global-strategist-warns-relief-rally-on-stocks-is-overdone-says-huge-premium-in-equities-probably-isnt-justified/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.