Buy the dip in stocks as risk of new economic lockdowns due to COVID-19 is low, JPMorgan says | Markets Insider

Buy the dip in stocks as risk of new economic lockdowns due to COVID-19 is low, JPMorgan says

Investors should buy the dip in stocks as the risk of a new round of economic lockdowns due to the coronavirus pandemic remains low, JPMorgan said in a note published on Friday.JPMorgan highlighted three key risks the stock market needs to overcome, including social unrest due to the recent protests surrounding the death of George Floyd, tensions with China, and the lingering of COVID-19.

In late May, Kolanovic toned down his bullishness on the stock market because of rising tensions between China and the US, and growing social unrest across the US due to the death of George Floyd. But since then, the bank is"more comfortable with taking a positive view - as positioning in equities did not increase significantly and China risks appear to be abating," according to the note.

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