JPMorgan Trading Team: U.S. Stocks May See "Explosive Growth" Moment, Two Key Data Points to Be Released in Early to Mid-October

On September 18th, JPMorgan, with Andrew Tyler's trading team, clearly advised investors to "buy on dips" in their analysis of that day. The team pointed out that the Fed's rate cut this time met their expectation of "dovish easing" and still anticipated two more rate cuts later in the year. They emphasized in the report that "these precautionary rate cuts have provided support for the bulls, especially against the backdrop of Tuesday's retail sales data exceeding expectations." The Taylor team bases the future stock market rally on two key data points: the September non-farm payroll report released on October 3rd and the inflation data for the month released on October 15th. If the job data rebounds after two consecutive months of weakness and inflation "remains under control," coupled with a strong performance in the third-quarter earnings season (mainly concentrated in the third week of October), U.S. stocks may experience a "breakthrough rally." "For investors expecting the S&P 500 to break through 7000 points by the end of the year, this will be a crucial first step." (Jin10)