Here are the bull and bear cases for stocks from JPMorgan
The Nasdaq struggled yesterday but bounced back today in a rebound from three days of selling. What next? The JPM desk offered up this.The bull case:Economic data inflects higherPositive July seasonals;Earnings deliver on expectationsBond yields peakPositioning tailwindsThe bear case:Macro sentiment deterioratesTactical pullback arrivesWeaker guidanceAI theme abandonmentExogenous shocksh/t @MrMBrown This article was written by Adam Button at www.forexlive.com.
The Nasdaq struggled yesterday but bounced back today in a rebound from three days of selling. What next? The JPM desk offered up this.
The bull case:
- Economic data inflects higher
- Positive July seasonals;
- Earnings deliver on expectations
- Bond yields peak
- Positioning tailwinds
The bear case:
- Macro sentiment deteriorates
- Tactical pullback arrives
- Weaker guidance
- AI theme abandonment
- Exogenous shocks
h/t @MrMBrown This article was written by Adam Button at www.forexlive.com.
