J.P. Morgan Trading Desk: It's a good time to buy U.S. stocks at the bottom, and the technical sell-off may have already ended.
The trading department of JPMorgan Chase said that the longest continuous decline in US stocks since August has created buying opportunities for those who buy on dips. Due to investor concerns about the sustainability of the artificial intelligence concept rally and the Federal Reserve's monetary policy path, the S&P 500 index fell for four consecutive days, ending Tuesday down 3.4%. JPMorgan Chase's global market intelligence chief Andrew Tyler said that this round of correction represents a "technical washout" in the stock market, and the adjustment period may have ended. "Given that there has been no change in the fundamentals, and our investment assumptions do not depend on the Fed easing policy, now is a good time to buy on dips," Tyler wrote in a report to clients on Wednesday.
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