Strategists at JPMorgan JPM, +0.74% “tactically” downgraded the Europe, Middle East, and Africa mining sector to neutral from overweight, viewing it as “short term profit-taking as miners could continue to benefit if reflation takes hold, if U.S.$ weakens further and have resilient balance sheets.”
https://www.marketwatch.com/story/miners-tumble-as-jpmorgan-downgrades-sector-and-silver-prices-slide-from-eight-year-high-11612259966
