The bank's market intelligence team, which turned neutral on stocks a month ago, now sees a favorable setup driven by bond market stability and falling oil prices
Three days before the big US labor market data, JPMorgan clearly shows bullish for US shares. And they call it several arguments. The post US shares: Largest bank in the USA swings ahead of top event in the bull camp appeared first on financial marketwelt.de.
JPMorgan's trading desk changed its tactical outlook for US equities from neutral to positive. Better-than-expected economic activity, a resilient consumer sentiment, and strong corporate earnings influenced the decision, while stability in bond yields and a potential decline in oil prices were also cited as potential market support.