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JPMorgan Chase Trading Team: US stocks may usher in an "explosive rise" moment, and the next two key data will be released in mid-to-early October

Source: BlockBeats
According to BlockBeats, on September 18, JPMorgan Chase's trading team led by Andrew Tyler clearly suggested that investors "buy on dips" in their analysis on the same day. The team pointed out that the Fed's interest rate cut this time is in line with its expectations of a "double rate cut" and is still expected to cut interest rates twice this year. "These preventive rate cuts provide support for the longs, especially in the context of exceeding expectations in retail sales on Tuesday," they emphasized in the report. The Taylor team anchored the core momentum of future stock market growth on two key data: the September non-farm employment report released on October 3, and the month's inflation data released on October 15. If employment data rebounds after two consecutive months of weakness and inflation "stays controllable", coupled with the strong performance of the third quarter financial report season (mainly concentrated in the third week of October), U.S. stocks may usher in a "breakthrough market". "This will be a key first step for investors who are looking forward to a break of 7,000 points at the S&P 500 by the end of the year." (Jin Shi)
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