BlockBeats News, September 18th, JPMorgan, with Andrew Tyler’s trading team, unambiguously advised investors to “buy on dips” in their analysis that day. The team pointed out that the Fed’s rate cut this time met its expectation of “dovish easing” and still expects two more rate cuts later this year. “These precautionary rate cuts have provided support for the bulls, especially against the backdrop of Tuesday’s retail sales data beating expectations,” they emphasized in the report.
The Taylor team anchors the future stock market rally on two key data points: the September non-farm payroll report released on October 3rd and the inflation data for the month released on October 15th. If the job data rebounds after two consecutive months of weakness and inflation “remains under control,” coupled with a strong performance in the third-quarter earnings season (mainly concentrated in the third week of October), U.S. stocks may see a “breakthrough rally.” “For investors expecting the S&P 500 to break through 7000 points by the end of the year, this will be a critical first step.” (Jin10)
