Barclays turns tactically bullish on US stocks for the first time since March; recent selloff has created conditions for a short-term rebound.

Zhitong Finance APP has learned that as investors significantly cut equity positions and market volatility pressures have eased somewhat, Barclays' trading desk has turned tactically bullish on U.S. stocks for the first time since mid-March this year. The bank believes that the recent market selloff has created favorable conditions for a short-term rebound in U.S. stocks. According to historical data analysis over the past decade, the S&P 500 has risen by an average of about 8% within two months after the relevant buy signals appeared.