Title: JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff
Post by: Bitcoin on Aug 07, 2024, 06:30 am
Post by: Bitcoin on Aug 07, 2024, 06:30 am
JPMorgan Sees 'Buy the Dip' Opportunity After Market Selloff
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan's head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, […]
Source: JPMorgan Sees 'Buy the Dip' Opportunity After Market Selloff (https://news.bitcoin.com/jpmorgan-sees-buy-the-dip-opportunity-after-market-selloff/)
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan's head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, […]Source: JPMorgan Sees 'Buy the Dip' Opportunity After Market Selloff (https://news.bitcoin.com/jpmorgan-sees-buy-the-dip-opportunity-after-market-selloff/)