Federal Reserve's independence under threat, JPMorgan trading division adopts "cautious" stance on US stocks

BlockBeats News, January 12, JPMorgan's securities trading division stated that the Trump administration's recent impact on the Federal Reserve's independence poses a threat to the U.S. stock market, at least in the short term. News that the Federal Reserve is facing a criminal investigation hit the U.S. market on Sunday night, causing stock index futures and the U.S. dollar to fall, while funds flowed into safe-haven assets such as gold.

Andrew Tyler, Head of Global Market Intelligence at JPMorgan, said: "Although macro and corporate fundamentals support a tactical bullish stance, the risks to the Federal Reserve's independence have become a suppressive factor for the market, so we remain cautious in the very short term. The risks surrounding the Federal Reserve's independence may cause the U.S. market to underperform in the short term." (Golden Ten Data)