- JPMorgan Chase's trading desk moved its view on US equities to bullish from tactically neutral, a one-notch upgrade in positioning.
- The desk cited economic data and earnings as the underpinning for a persistent market boom.
- The call landed ahead of the US jobs report, a data point that feeds directly into the Fed path and near-term equity risk appetite.
Quotes
“flipped its view on US equities to bullish from tactically neutral”
“economic data and earnings will underpin a persistent market boom”