Welcome! We want to introduce you to the MetalMiner Gen-Z team that works behind the scenes conducting TA (technical analysis) and trading on behalf of MetalMiner (yes, we created our own internal trading desk to trade off our own metal price forecasts). We continue to be wowed by these kids! They can code, innovate, generate fabulous ideas, and constantly push us to “up” our game! It all helps with market outlook. So we couldn’t resist giving them a crack at critiquing a recent mid-year market contrarian analysis published by JP Morgan. – ed. note

According to Marko Kolanovic, Chief Markets Strategist & Co-Head of Global Research of JP Morgan: 

If there is no recession – which is our view – then risky asset prices are too cheap. Many equity market segments are down 60-80%. Positioning and sentiment of investors is at multi-decade lows. So, it is not that we think that the world and economies are in great shape, but just that an average investor expects an economic disaster. If that does not materialize, risky asset classes could recover most of their losses from the first half. Our bullish and out-of-consensus view is hence a forecast of a lost year – a recovery of H1 losses in risky assets.

We put this analysis in front of the team and asked each member to comment on which points they agreed with, what they thought about JP Morgan’s market outlook and where they felt JPMorgan got it wrong. Here is what the team had to say:

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