JPMorgan trading team: U.S. stocks may experience an "explosive rally" moment, with two key data releases scheduled for mid-October
BlockBeats News, on September 18, JPMorgan's trading team led by Andrew Tyler explicitly advised investors to "buy the dip" in their analysis that day. The team pointed out that the Federal Reserve's rate cut was in line with their "dovish rate cut" expectations, and they still anticipate two more rate cuts this year. "These precautionary rate cuts provide support for the bulls, especially against the backdrop of Tuesday's retail sales data exceeding expectations," they emphasized in the report.
The Tyler team anchored the core drivers of future stock market gains on two key data points: the September Non-Farm Payrolls report to be released on October 3, and the inflation data for the month to be published on October 15. If employment data rebounds after two consecutive months of weakness and inflation remains "under control", combined with a strong third-quarter earnings season (mainly concentrated in the third week of October), the US stock market may see a "breakout rally." "For investors hoping for the S&P 500 to break through 7,000 points by year-end, this will be a crucial first step." (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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