tech news

JPMorgan Closes Precious Metals Sell Recommendation, Goes “Tactically Overweight” Commodities

By  |  0 Comments

One of the most underreported sentiment shifts of the past week was JPM’s announcement late on Friday, that the firm quietly went long commodities – specifically base metals and copper (in addition to energy) – and the firm also closed it “sell” (i.e., underweight) in precious metals. This is not surprising: we had noted the