Kolanovic, JPMorgan Add Bonds, Gold Amid Familiar Risks

Different month, same risks. That was the overarching message from JPMorgan analysts led by Marko Kolanovic, who bumped their duration allocation back up after a well-timed cut, while also upping their exposure to gold. The bank cited recent remarks from Fed officials, as well as cleaner positioning and cheaper valuations for the decision to increase their bond exposure. "Recent shifts in Fedspeak challenge the market’s rate hike plans as the uptick in yields and steepening of the curve can