JPMorgan Chase: Now is the time to buy US stocks; the technical correction may have ended.
Odaily Planet Daily reports that JPMorgan Chase's trading division stated that the longest losing streak for U.S. stocks since August has created opportunities for bargain hunters. The S&P 500 fell for four consecutive days, accumulating a 3.4% drop by Tuesday's close, as investors worried about the sustainability of the artificial intelligence concept stock rally and the Federal Reserve's monetary policy path. Andrew Tyler, JPMorgan Chase's global head of market intelligence, said this pullback represents a "technical shakeout" in the stock market, and the adjustment period may have ended. "Given that there have been no changes in the fundamentals, and our investment assumptions do not rely on the Fed easing policy, now is the time to buy on the dips," Tyler wrote in a report to clients on Wednesday. (Jinshi)
