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INTERVIEW: ‘Now Is The Wrong Time To Be Selling,’ Says JP Morgan Middle East MD Steven Rees

INTERVIEW: ‘Now Is The Wrong Time To Be Selling,’ Says JP Morgan Middle East MD Steven Rees

Submitted by • March 30, 2020 arab.news

lobal financial markets have gyrated widely over the past two weeks, with the most savage drops in stock market history turning into one of the best rallies ever recorded.

In these mercurial circumstances, Steven Rees has some simple advice to investors: “Now is the wrong time to be selling,” he told Arab News.

Rees speaks with some authority. He spent many years as head of global equity strategy for JP Morgan, the most profitable bank in the US.

His view is also especially relevant for Saudi Arabia and the Middle East. Rees runs JP Morgan’s Middle East team from bases in London and Geneva, and the bank has a long relationship with the Kingdom, going back to the 1930s when it helped fund the embryonic oil industry.

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