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Bull run in global stocks still has legs: Alex Wolf of J.P. Morgan Private Bank

The private banking unit of J.P. Morgan expects an expansion in earnings to give further legs to the bull run in global stocks, despite recent investor concerns over the sticky nature of inflationary pressures and the resulting impact on real yields. “The S&P 500 has had a phenomenal run since April last year, but we don’t think that this trend…

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