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JPMorgan: The technical whipsaw in US stocks may have ended, suitable for Buy the Dips.
According to ChainCatcher news, Jin10 reported that JPMorgan's trading department stated that the longest consecutive decline in the US stock market since August has created opportunities for Buy the Dips investors. The S&P 500 index has fallen for four consecutive days, down a total of 3.4% as of Tuesday's close. Andrew Tyler, the head of global markets intelligence at JPMorgan, indicated that this round of pullback represents a “technical Whipsaw” in the stock market, and the adjustment period may have ended. In a report to clients on Wednesday, Tyler pointed out that given there has been no change in fundamentals, it is now a good time to Buy the Dips.