June 25, 2024 at 07:45PM
The Nasdaq struggled yesterday but bounced back today in a rebound from three days of selling. What next? The JPM desk offered up this.
The bull case:
Economic data inflects higher
Positive July seasonals;
Earnings deliver on expectations
Bond yields peak
Positioning tailwinds
The bear case:
Macro sentiment deteriorates
Tactical pullback arrives
Weaker guidance
AI theme abandonment
Exogenous shocks
h/t @MrMBrown
This article was written by Adam Button at www.forexlive.com.
Here are the bull and bear cases for stocks from JPMorgan