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J.P. Morgan Trading Desk: The technical whipsaw in the U.S. stock market may have ended, and now is the right time to buy the dip.
On November 20, JPMorgan's trading desk stated that the longest consecutive decline in U.S. stocks since August has created opportunities for Buy the Dips. Due to investor concerns about the sustainability of the artificial intelligence concept rally and the Fed's monetary policy path, the S&P 500 index fell for four consecutive days, closing down a total of 3.4% as of Tuesday. Andrew Tyler, head of global market intelligence at JPMorgan, said this round of pullback represents a “technical Whipsaw” and that the adjustment period may have ended. “Given that there are no changes in the fundamentals and our investment thesis does not rely on the Fed easing policies, it is now a good time to Buy the Dips,” Tyler wrote in a report to clients on Wednesday. ( Jin10 )