Investing.com — Bitcoin, the U.S. dollar, and global bonds could face significant positioning risks heading into 2025, according to JPMorgan (NYSE:) analysts in a note Friday.
Using their Cross Asset Positioning Monitor, JPMorgan highlights potential vulnerabilities as markets adjust to shifting liquidity and demand dynamics.
and the U.S. dollar are flagged for positioning risks.
The bank said it sees “elevated equity positions, modestly long duration positions, close to neutral credit positions, elevated long dollar positions, underweight positioning in commodities ex , elevated positions in bitcoin but more modest longs in gold.”
“Thus from a positioning point of view the most vulnerable asset classes into 2025 are equities, the dollar and bitcoin and the least vulnerable are non-gold commodities,” said the bank.
On bonds, the global supply-demand balance is expected to deteriorate in 2025.
The bank projects a $0.9 trillion decline in…
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