JPMorgan Trading Desk: US Stock Technical Shakeout May Have Ended, Perfect Time to Buy the Dip

BlockBeats News, November 20th, JPMorgan Chase's trading department stated that the longest continuous decline in the US stock market since August has created buying opportunities for dip buyers. Due to investor concerns about the sustainability of the artificial intelligence concept rally and the Federal Reserve's monetary policy path, the S&P 500 index has fallen for four consecutive days, closing down 3.4% as of Tuesday's close.

JPMorgan Chase's Global Market Insights Director, Andrew Tyler, stated that this pullback represents a one-time "technical shakeout" in the stock market, and the adjustment period may have ended.

"Given that there have been no fundamental changes and our investment thesis does not depend on Fed easing policy, it is now possible to buy on the dip," Tyler wrote in a report to clients on Wednesday. (FX678)