Top economist Mohamed El-Erian says the market rally isn’t a buy signal as stagflation looms. ‘I would take some chips off the table’

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J.P. Morgan Says There’s Room for at Least 50% Gains in These 2 Stocks

Despite the modest rally that we’ve seen since late May, volatility still rules the markets. The overall trend for the year has been down – to the tune of 14% on the S&P 500 and 23% on the NASDAQ. It’s not exactly an environment that would encourage large-scale buying. But Marko Kolanovic, global market strategist from JPMorgan, takes the contrarian view, explaining why, in his view, current low prices represent opportunities. “As the market got into oversold conditions, it didn’t take much to c