JP Morgan says last week was reinforcement of bullish stanceA bit of a rehash from a JP Morgna note on Monday, reiterating bullishness, citing recent economic data, earnings reports, the prospect of a more accommodating Federal Reserve.
- upside appears to be more muted than when we adopted this stance earlier this year
- but there remains material upside
JPM note risks:
- Japan's inflation data
- geopolitical developments that can impact oil prices
- US election
- Federal Reserve commentary changes
- weak seasonality
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: JP Morgan says last week was reinforcement of bullish stance (https://www.forexlive.com/stock-market-update/jp-morgan-says-last-week-was-reinforcement-of-bullish-stance-20240819/)
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