A J.P. Morgan Chase strategist cites reasons for a bullish call on US equities:
- significant progress in trade deliberations at the G20
- Federal Reserve may slow their path of interest rate hikes
- in addition decline in volatility and strong earnings
- "With both of our views largely confirmed (by Powell's speech, Fed minutes, and what we see as significant progress at the G-20), we think that the path for near-term market upside is largely clear and the pain trade is on the upside"
- "Our view is ... the ill-conceived trade war with China is ending"
- "We believe, simply speaking, that the administration cannot afford a falling market, large trade related layoffs, and fleeing donors in a pre-election year"
