European stocks are heading for a mixed open as global markets appear hesitant.
Stress from the regional banking crisis in the U.S. this year isn't likely to afflict the Euro zone, according to JPMorgan.
Balakrishnan also noted that Euro zone banks have "stickier deposits" as well as smaller downside risk for "unrecognized market-to-market losses." This year's hot runup for tech names presents a plum opportunity for investors to cash in some chips and invest those proceeds elsewhere, said Jared Woodard, investment and ETF strategist at Bank of America.
"I think that the top priority for investors this year has to be to capture yield where they can, to protect against deflation and the recession we think is coming and to keep hedges in place if the stagflationary risks from 2022 prove to be a continuing threat," he added.
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