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JPMorgan analysts suggest buying on dips during Fed rate cuts

Source: CoinWorld
The JPMorgan trading team, led by Andrew Tyler, advises investors to "buy on dips" after the Fed's recent rate cut, in line with their expectations of a "double rate cut." The team expects to cut interest rates twice more this year and sees the precautions as support for bullish investors, especially after retail sales figures exceeded expectations on Tuesday. Taylor's team believes that two key data points are the core driving forces for future stock market growth: the September non-farm employment report scheduled for October 3, and the month's inflation data scheduled for October 15. If the employment data rebounds after two consecutive months of weakness and inflation remains "controllable", coupled with the strong performance of the third-week financial report quarter in October, the U.S. stock market may usher in a "breakthrough rebound". This will be a crucial first step for investors who want the S&P 500 to break through 7,000 points by the end of the year.
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