JPMorgan remains constructive on equities heading towards the end of the year, although the bank expects further gains to be driven by shifts between market segments rather than a broad-based surge in stocks.
"In equities, we stay constructive into year-end, expecting a grind higher with rotation rather than a broad melt-up move," strategist Fabio Bassi wrote in a note to clients.
The bank pointed to the recovery in semiconductor stocks as evidence of a tactical improvement in risk appetite. With Federal Reserve patience helping to keep volatility contained, JPMorgan expects investor positioning and differences in performance across market segments to shape the next phase of the equity rally.
JPMorgan continues to favour Quality Growth stocks and hyperscalers, while also seeing opportunities in semiconductors following their recent repricing.
The bank said a Goldilocks environment, in which genuine disinflation allows the Fed to remain on hold, could create conditions for equity gains to broaden beyond current market leaders.
#bank #stocks #constructive #year
"In equities, we stay constructive into year-end, expecting a grind higher with rotation rather than a broad melt-up move," strategist Fabio Bassi wrote in a note to clients.
The bank pointed to the recovery in semiconductor stocks as evidence of a tactical improvement in risk appetite. With Federal Reserve patience helping to keep volatility contained, JPMorgan expects investor positioning and differences in performance across market segments to shape the next phase of the equity rally.
JPMorgan continues to favour Quality Growth stocks and hyperscalers, while also seeing opportunities in semiconductors following their recent repricing.
The bank said a Goldilocks environment, in which genuine disinflation allows the Fed to remain on hold, could create conditions for equity gains to broaden beyond current market leaders.
#bank #stocks #constructive #year
19 days ago
