On January 7th, according to the data from Golden Ten, the trading team at JPMorgan expressed that although the stock market faces increasing risks of a pump, the "probability of a Bear Market downturn" is very small in the background of a strong rise in the economy. After the S&P 500 index has pumped more than 20% for two consecutive years, the US stock market may experience a 4%-5% or even 10% pullback, but with GDP above trend levels, the Bull Market remains intact, as stated in a report to clients on Monday by the team led by Global Market Intelligence Director Andrew Tyler.
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JPMorgan trading team: Strong economic growth makes the possibility of a Bear Market 'extremely low'
On January 7th, according to the data from Golden Ten, the trading team at JPMorgan expressed that although the stock market faces increasing risks of a pump, the "probability of a Bear Market downturn" is very small in the background of a strong rise in the economy. After the S&P 500 index has pumped more than 20% for two consecutive years, the US stock market may experience a 4%-5% or even 10% pullback, but with GDP above trend levels, the Bull Market remains intact, as stated in a report to clients on Monday by the team led by Global Market Intelligence Director Andrew Tyler.