On Monday morning, the J.P. Morgan Chase trading desk raised its view on US stocks from tactical neutrality to bullish. The reasons include stronger economic activity than expected, strong consumer resilience, positive corporate profit growth, and the expectation that bond yields will stabilize. Andrew Taylor, head of global market intelligence, wrote in a customer research report on Monday morning: “As bond market yields stabilize and oil prices are likely to fluctuate downward, we judge that the market environment has become more favorable.” After Federal Reserve Chairman Kevin Walsh delivered his hawkish speech in Jackson Hole at the end of August, traders bet on the Fed's interest rate hike during the year. Taylor was cautious about US stocks at the time. Taylor believes that the market in the technology sector may spread, there are opportunities in the semiconductor sector, and the “Big Seven” are expected to outperform the technology market. He also said, “The main market for artificial intelligence may continue, and we are optimistic about this track.”

On Monday morning, the J.P. Morgan Chase trading desk raised its view on US stocks from tactical neutrality to bullish. The reasons include stronger economic activity than expected, strong consumer resilience, positive corporate profit growth, and the expectation that bond yields will stabilize. Andrew Taylor, head of global market intelligence, wrote in a customer research report on Monday morning: “As bond market yields stabilize and oil prices are likely to fluctuate downward, we judge that the market environment has become more favorable.” After Federal Reserve Chairman Kevin Walsh delivered his hawkish speech in Jackson Hole at the end of August, traders bet on the Fed's interest rate hike during the year. Taylor was cautious about US stocks at the time. Taylor believes that the market in the technology sector may spread, there are opportunities in the semiconductor sector, and the “Big Seven” are expected to outperform the technology market. He also said, “The main market for artificial intelligence may continue, and we are optimistic about this track.”