Jamaican investors interested in the American financial market are being urged to be cautious in their investment decisions, even as recent market activity has been bullish.

Gregory Fisher, Managing Director & Head of Emerging Markets, Fixed Income & Wealth Management at investment company, Jefferies, says the optimism in the US markets is driven by synthetic forces of United States federal intervention and the expectation that normality will soon return given the progress on fighting the coronavirus.

In his global economic outlook at the opening night of the Jamaica Stock Exchange 16th Regional Investments and Capital Markets Conference streamed from the Jamaica Pegasus Hotel in New Kingston on Tuesday, Fisher gave three reasons why the markets are bullish and optimistic: big and on-going fiscal stimulus; the expected herd immunity from COVID-19 that will likely occur in June; and the US economy is expected to return to waves of pre-COVID-19 spending as soon as the American authorities inject stimulus. The new Biden administration has proposed a US$1.9 trillion package of assistance.

http://jamaica-gleaner.com/article/business/20210127/jse-conference-jefferies-urges-market-caution