JPMorgan: Now is the right time to buy the dip in U.S. stocks, technical shakeout may be over
Jinse Finance reported that JPMorgan's trading division stated that the longest losing streak in U.S. stocks since August has created opportunities for dip buyers. Due to investors' 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, dropping a total of 3.4% as of Tuesday's close. Andrew Tyler, head of global market intelligence at JPMorgan, said that this round of correction represents a "technical shakeout" in the stock market and that the adjustment period may have ended. "Given that there have been no changes in fundamentals and our investment assumptions do not rely on the Federal Reserve easing policy, now is a good time to buy the dip," Tyler wrote in a report to clients on Wednesday.
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