JPMorgan trading department shifts to bullish view on US stocks but warns that the rebound momentum may not be sustainable.
JPMorgan's trading department is now shifting to a tactical bullish view on US stocks, expecting factors such as strong performance of large tech companies and the official announcement of trade agreements to continue to boost the stock market after the recent sharp decline. However, the bank emphasized in a report to clients on Monday that the bullish trend may fade in the next few weeks, and the negative impact of US tariffs is expected to start dragging down the economy in the coming months.
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