JPMorgan Turns Bullish on US Stocks Despite Yield Spike

US Markets16 days ago

Resilient economic growth and strong corporate earnings will likely protect equity markets from the recent rise in bond yields, according to JPMorgan. The bank's trading desk has returned to a bullish position on U.S. stocks in the near term, anticipating that bond yields will retreat from current highs and that inflation will remain contained.

Strategist Mislav Matejka noted that equity values should not suffer lasting damage from the volatility. Additionally, the bank believes much of the current French political risk is already reflected in the price of the CAC 40.

Mapped to your portfolio

Possible scenarios

40%Bullish Call Validated+0.7%
28%Yields Cap Upside-0.5%
20%Fed Risk Reprices-0.8%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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JPMorgan Turns Bullish on US Stocks Despite Yield Spike

In this story

JPMorgan Chase United States France

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%Bullish Call Validated+0.7%
28%Yields Cap Upside-0.5%
20%Fed Risk Reprices-0.8%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.