after a bumpy start to the year the risks facing global stocks are now priced in according to jpmorgan chase  co’s mislav matejka neither the federal reserve nor the european central bank will move further into hawkish territory “at least relative to what is priced in currently” strategists led by matejka wrote in a note on monday meanwhile headline inflation is peaking and earnings are likely to surprise positively “we believe that equities still offer upside and that the cycle is far from over” they said