JP Morgan with 3 reasons the US S&P is going higher

Author: Eamonn Sheridan | Category: News

A note from earlier in the week via JPM on US equities, saying to stay  bullish on stocks over the short to medium term.

3 reasons:

1. Positioning remains light around macro and systematic investors.
  • seasonality over summer should help the volatility spike continue to fade, which could push investors to further add to stock exposure
2. Monetary and fiscal policy is supportive .
  • liquidity has recovered meaningfully from the March lows
3. Rising coronavirus incidence is mainly impacting younger populations
  • this demographic has drastically lower mortality rates (compared with older people) and likely reflects higher testing rates, recent protests, backlogs of hospital visits, and increased economic activity
I posted earlier on other bulls:

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