JPMorgan Trading Team: US Stocks May See "Explosive Growth," Two Key Data Points to Be Released in Early to Mid-October

BlockBeats News, September 18th, JPMorgan Chase, with Andrew Tyler leading the trading team, emphatically advised investors to "buy on dips" in their analysis that day. The team pointed out that the Fed's rate cut this time met their expectation of "dovish rate cuts," and they still expect 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 has anchored 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 employment data rebounds after two consecutive months of weakness, and inflation "remains under control," coupled with a strong performance during the third-quarter earnings season (mainly concentrated in the third week of October), the U.S. stock market may see a "breakthrough rally." "For investors expecting the S&P 500 to break through the 7000-point mark by the end of the year, this will be a crucial first step." (Jinshi)